Triplex with Updated Unit
154-156 2nd Avenue Daly City, CA 94014
154-156 2nd Avenue, Daly City, CA, 94014
$1,595,000
For Sale
$1,595,000
Three-unit income property with new flooring in two units, offered for sale.
Property Size3,281 SF
Price / SF$486.13
Days on Market111
Property Features for 154-156 2nd Avenue
General Information
- Standard status
- Active
- Size
- 3,281 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1988
Listing agency
Arcillas Realty
(415) 307-9926
Listed by
Freddie Arcillas · License #01256953
(415) 307-9926
Source
Exitrealty
Added: Apr 2 Updated: Jul 21 at 2:05AM Checked: Jul 21 at 6:10AM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $34.20 |
| − Vacancy | −$6.9k | −$2.11 |
| EGI | $105.3k | $32.09 |
| − OpEx | −$31.6k | −$9.63 |
| NOI | $73.7k | $22.46 |
3,281 SF · lease $34.20/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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 Avenue 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
