Triplex with Updated Unit
For Sale
$1,595,000
154-156 2nd AVE, Daly City, CA 94014
Three-unit income property with new flooring in two units, offered for sale.
Property Size3,281 SF
Days on Market205
Property Features for 154-156 2nd AVE
General Information
Standard status
Active
Size
3,281 SF
Property subtype
Duplex
Additional Details
Multifamily Units
3
Building Details
Building Size
3,281 SF
Year Built
1988
Listing Agency:
Arcillas Realty
Listed By:
Freddie Arcillas · License #01256953
(415) 307-9926
Source:
Johnpaye
Added: Apr 1
Changed: Oct 17
Last Checked: Oct 21 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arcillas Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale triplex features three residential units, including new flooring in two of the units. The property’s three-unit layout supports an owner-occupancy setup in one unit while renting the other two units.
Located at 154-156 2nd Avenue in Daly City, the property is described as within walking distance to schools, a bank, restaurants, a church, and a bus line.
As an income-focused residential property, this asset is positioned for buyers looking to own a multi-unit building with unit-level updates already completed in part of the interior.
Located at 154-156 2nd Avenue in Daly City, the property is described as within walking distance to schools, a bank, restaurants, a church, and a bus line.
As an income-focused residential property, this asset is positioned for buyers looking to own a multi-unit building with unit-level updates already completed in part of the interior.
Key Highlights
- Three‑unit income property built in 1988
- New flooring in 2 of the 3 units
- Walking distance to schools, bank, restaurants, church, and bus line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,701
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,020
$1.5M
Cap Rate 7%
$1,052,871
$1.1M
Cap Rate 9%
$818,900
$818.9K
Market Conditions
NOI Build-Up for 3,281 SF
Gross rent
$112.2K $34.20/SF
− Vacancy
−$6.9K −$2.11/SF
EGI
$105.3K $32.09/SF
− OpEx
−$31.6K −$9.63/SF
NOI
$73.7K $22.46/SF
Area
Daly City, CA
Vacancy
6.17%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,020
Cap Rate 7%
$1,052,871
Cap Rate 9%
$818,900
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$921.3K – $1.23M
NOI $73,701 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$937.1K
$820.0K – $1.09M
NOI $65,600 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.44M
$1.26M – $1.69M
NOI $101,119 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 94014, CA
48,677
Population
15,643
Households
3.1
Avg Household Size
39
Median Age
33%
College-Educated
84%
High-School Grad
6.4 sq mi
ZIP Area
7,606
Density / Sq Mi
$115,513
Median Household Income
$49,144
Median Earnings
$2,089
Median Rent
$979,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit income property with new flooring in two units, offered for sale.
Where is this triplex located?
The property is located at 154-156 2nd AVE Daly City, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Three‑unit income property built in 1988; New flooring in 2 of the 3 units; Walking distance to schools, bank, restaurants, church, and bus line
