Bernal Heights Triplex
1560-1564 Cortland Avenue San Francisco, CA 94110
1560-1564 Cortland Avenue, San Francisco, CA, 94110
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For Sale
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Three-unit building in Bernal Heights with income growth potential.
Property Size2,110 SF
Price / SF$545.02
Days on Market59
Property Features for 1560-1564 Cortland Avenue
General Information
- Standard status
- Active
- Size
- 2,110 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agency
Colliers - San Francisco, California
Listed by
Ryan O'Keefe · License #02122038
Source
Crexi
Added: May 25 Updated: Jul 10 at 1:41PM Checked: Jul 21 at 4:58AM
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
Investment Insights
Based on property information with market context.
Located in the heart of Bernal Heights, 1560-1564 Cortland Avenue offers a three-unit apartment building. The property is situated along the Cortland Avenue corridor, providing access to cafes, restaurants, boutique retail, public transportation, and commuter routes throughout San Francisco and the Peninsula. The building features three large one-bedroom, one-bathroom units and two on-site parking spaces. One unit is currently vacant and remodeled. Units feature functional layouts with natural light, updated finishes, wood-style flooring, modernized kitchens and bathrooms, skylights in select units, and closet space. The property offers income growth potential in a sought-after neighborhood rental market.
Key Highlights
- Prime Bernal Heights location on Cortland Avenue, offering high walkability and access to amenities.
- One vacant, remodeled 1 BD/1 BA unit provides immediate rental income potential or owner‑user opportunity.
- Significant rental upside potential in a desirable San Francisco neighborhood.
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 | $107.6k | $51.00 |
| − Vacancy | −$6.4k | −$3.05 |
| EGI | $101.2k | $47.95 |
| − OpEx | −$30.4k | −$14.39 |
| NOI | $70.8k | $33.57 |
2,110 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.3K – $1.18M
NOI $70,822 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$932.0K
$815.5K – $1.09M
NOI $65,243 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$10.31M
$9.02M – $12.02M
NOI $721,454 @ 7.0% cap · market cap 62.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three-unit building in Bernal Heights with income growth potential.
Where is this triplex located?
The property is located at 1560-1564 Cortland Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime Bernal Heights location on Cortland Avenue, offering high walkability and access to amenities.; **One vacant, remodeled 1 BD/1 BA unit provides immediate rental income potential or owner‑user opportunity.**; Significant rental upside potential in a desirable San Francisco neighborhood.
