2-Unit Duplex with
For Sale
$1,888,000
Pending
1916 Balboa St, San Francisco, CA 94121
Both residences are vacant and have individual laundry hookups.
Property Size3,090 SF
Days on Market32
Property Features for 1916 Balboa St
General Information
Standard status
Pending
Size
3,090 SF
Property subtype
Residential Income
Listing Agency:
eXp Realty of California, Inc
(888) 584-9427
Listed By:
Garrick Yan · License #01916102
(510) 999-8008
Source:
Exprealty
Added: Sep 13
Changed: Oct 11
Last Checked: Oct 13 at 1:01AM
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 eXp Realty of California, Inc
Investment Insights
Based on property information with market context.
Built in 1925, this two-unit residential property has a two-bedroom layout in each residence. Both include a living room with a fireplace, a separate dining room, a kitchen with breakfast area, and an additional sunroom or office. Wood floors and bay windows are among the interior features, and each unit has laundry hookups. The property is delivered vacant.
The ground level contains a garage with parking for 2 cars, two storage rooms, and access to a rear garden. The lower-level ceiling height is 8 feet. The property is near shops, cafes, and restaurants along the Balboa and Clement Street corridors, with Golden Gate Park, the Presidio, and Ocean Beach also within reach. Partial views of the Golden Gate Bridge and Sutro Tower are noted.
The ground level contains a garage with parking for 2 cars, two storage rooms, and access to a rear garden. The lower-level ceiling height is 8 feet. The property is near shops, cafes, and restaurants along the Balboa and Clement Street corridors, with Golden Gate Park, the Presidio, and Ocean Beach also within reach. Partial views of the Golden Gate Bridge and Sutro Tower are noted.
Key Highlights
- Two residences, each with two bedrooms
- Both units delivered vacant; individual laundry hookups in each
- Garage provides 2‑car parking, plus two storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,817
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,196,340
$2.2M
Cap Rate 7%
$1,568,814
$1.6M
Cap Rate 9%
$1,220,189
$1.2M
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$166.9K $54.00/SF
− Vacancy
−$10.0K −$3.23/SF
EGI
$156.9K $50.77/SF
− OpEx
−$47.1K −$15.23/SF
NOI
$109.8K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,196,340
Cap Rate 7%
$1,568,814
Cap Rate 9%
$1,220,189
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,817 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,323 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$15.09M
$13.21M – $17.61M
NOI $1,056,537 @ 7.0% cap · market cap 55.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,959
Businesses Nearby
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Business Placement
Demographics for 94121, CA
43,115
Population
19,742
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
17,246
Density / Sq Mi
$138,353
Median Household Income
$74,646
Median Earnings
$2,327
Median Rent
$1,634,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and have individual laundry hookups.
Where is this duplex located?
The property is located at 1916 Balboa St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms; Both units delivered vacant; individual laundry hookups in each; Garage provides 2‑car parking, plus two storage rooms
