Six-Unit Apartment Building with
For Sale
$2,500,000
201 Moraga Street, San Francisco, CA 94122
Well-maintained 1960-built building offers six one-bedroom units, on-site parking, laundry, and separately metered utilities.
Property Size4,080 SF
Days on Market74
Property Features for 201 Moraga Street
General Information
Standard status
Active
Size
4,080 SF
Total Parking Spaces
6
Property subtype
Multi Family
Additional Details
Multifamily Units
6
Amenities
separately metered gas and electric service
individual storage lockers
on-site laundry
shared backyard
panoramic views
Building Details
Building Size
4,080 SF
Year Built
1960
Listing Agency:
Colliers International
Listed By:
Brad Lagomarsino · License #01058500
Source:
Elevationrealestate
Added: Jun 18
Changed: Aug 23
Last Checked: Aug 29 at 2:56PM
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 International
Investment Insights
Based on property information with market context.
201 Moraga Street is a well-maintained six-unit apartment building built in 1960. The property includes six one-bedroom, one-bath apartments and six on-site parking spaces, along with separately metered gas and electric service. Additional amenities include individual storage lockers, on-site laundry, and a shared backyard. Upper-floor units offer panoramic views.
The building is located in San Francisco’s Inner Sunset neighborhood, with immediate proximity to Golden Gate Park and UCSF Medical Center. It also provides access to neighborhood retail and dining along Irving Street, as well as convenient public transportation throughout San Francisco.
From a practical configuration standpoint, the asset is designed around a consistent one-bedroom unit mix, supported by resident-focused on-site features such as parking, laundry, and storage.
The building is located in San Francisco’s Inner Sunset neighborhood, with immediate proximity to Golden Gate Park and UCSF Medical Center. It also provides access to neighborhood retail and dining along Irving Street, as well as convenient public transportation throughout San Francisco.
From a practical configuration standpoint, the asset is designed around a consistent one-bedroom unit mix, supported by resident-focused on-site features such as parking, laundry, and storage.
Key Highlights
- Well‑maintained 1960‑built, 6‑unit apartment building in San Francisco’s Inner Sunset neighborhood
- Six 1‑bedroom, 1‑bath units with on‑site parking for 6 vehicles
- Separately metered gas and electric service and individual storage lockers for residents
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,130
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,462,600
$2.5M
Cap Rate 7%
$1,759,000
$1.8M
Cap Rate 9%
$1,368,111
$1.4M
Market Conditions
NOI Build-Up for 4,080 SF
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.
Gross rent
$238.9K $58.56/SF
− Vacancy
−$15.1K −$3.69/SF
EGI
$223.9K $54.87/SF
− OpEx
−$100.7K −$24.69/SF
NOI
$123.1K $30.18/SF
Area
ZIP 94122
Vacancy
6.30%
Lease Rate
$58.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,462,600
Cap Rate 7%
$1,759,000
Cap Rate 9%
$1,368,111
Alternative Uses
Best Use
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $123,130 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.96M
$1.71M – $2.28M
NOI $136,946 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,977
Businesses Nearby
Explore this area
Business Placement
Demographics for 94122, CA
57,160
Population
24,155
Households
2.4
Avg Household Size
39
Median Age
63%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
17,321
Density / Sq Mi
$145,717
Median Household Income
$80,501
Median Earnings
$2,720
Median Rent
$1,507,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 1960-built building offers six one-bedroom units, on-site parking, laundry, and separately metered utilities.
Where is this apartment building located?
The property is located at 201 Moraga Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Well‑maintained 1960‑built, 6‑unit apartment building in San Francisco’s Inner Sunset neighborhood; Six 1‑bedroom, 1‑bath units with on‑site parking for 6 vehicles; Separately metered gas and electric service and individual storage lockers for residents
