5-Unit Apartment Buildings with
1550-1564 Cortland Ave, San Francisco, CA 94110
For Sale
New
$1,750,000
Two adjacent residential buildings combine varied apartment layouts with on-site parking and shared laundry amenities.
Property Size3,570 SF
Days on Market2
Property Features for 1550-1564 Cortland Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
in-unit washer/dryer
garage laundry
skylights
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Colliers - San Francisco, California
Listed By:
Brad Lagomarsino · License CA #01058500
(415) 786-5246
Source:
Elliman
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 2:03AM
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 Colliers - San Francisco, California
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-building apartment property comprises five residences across two adjacent parcels: four one-bedroom, one-bath units and one two-bedroom, one-bath unit. The apartments include wood-style floors, shaker cabinetry, tiled tub and shower surrounds, closet storage, and natural light. Two units have in-unit washers and dryers; additional garage laundry serves the 1560-1564 building. Four parking spaces are included. Both wood-frame buildings were constructed in 1968, with concrete foundations and stucco and T-111 façades. Heating is a mix of forced-air and gas wall systems, and select apartments have skylights.
The property fronts Cortland Avenue in San Francisco’s Bernal Heights neighborhood. Nearby corridor amenities include cafés, restaurants, and boutique retail, with public transportation and commuter routes serving San Francisco and the Peninsula. Walk Score is 76, Bike Score is 50, and Transit Score is 67.
The property fronts Cortland Avenue in San Francisco’s Bernal Heights neighborhood. Nearby corridor amenities include cafés, restaurants, and boutique retail, with public transportation and commuter routes serving San Francisco and the Peninsula. Walk Score is 76, Bike Score is 50, and Transit Score is 67.
Key Highlights
- Five apartments: four one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit
- Four parking spaces across two adjacent parcels
- Both buildings constructed in 1968 with wood‑frame construction and concrete foundations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,388
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,207,760
$2.2M
Cap Rate 7%
$1,576,971
$1.6M
Cap Rate 9%
$1,226,533
$1.2M
Market Conditions
NOI Build-Up for 3,570 SF
Gross rent
$214.2K $60.00/SF
− Vacancy
−$13.5K −$3.78/SF
EGI
$200.7K $56.22/SF
− OpEx
−$90.3K −$25.30/SF
NOI
$110.4K $30.92/SF
Area
ZIP 94110
Vacancy
6.30%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,207,760
Cap Rate 7%
$1,576,971
Cap Rate 9%
$1,226,533
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,388 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.71M
$1.50M – $2.00M
NOI $119,828 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in San Francisco, CA
Properties on Market for Apartment buildings in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent residential buildings combine varied apartment layouts with on-site parking and shared laundry amenities.
Where is this apartment building located?
The property is located at 1550-1564 Cortland Ave San Francisco, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five apartments: four one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit; Four parking spaces across two adjacent parcels; Both buildings constructed in 1968 with wood‑frame construction and concrete foundations
