Triplex with Attached
2335-2337 Balboa St, San Francisco, CA 94121
For Sale
New
$1,500,000
Two two-bedroom flats and a permitted studio share laundry, storage, and a garden patio.
Property Size2,625 SF
Days on Market1
Property Features for 2335-2337 Balboa St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
shared laundry
attached side-by-side garage parking
storage
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listed By:
Jules A Clark
(415) 938-8838
Source:
Elliman
Added: Nov 10
Last Checked: Nov 10 at 2:27PM
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 Jules A Clark
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Investment Insights
Based on property information with market context.
Built in 1948, this three-unit property comprises two flats with two bedrooms and one bathroom each, plus a newly permitted studio. The flats have hardwood flooring, crown moldings, high ceilings, granite-finished kitchens, and fireplaces. The studio includes a full kitchen with granite counters and an updated bathroom. Shared amenities include laundry, storage, an attached side-by-side garage, and a garden patio.
The property is located at 2335-2337 Balboa St in San Francisco. Golden Gate Park, Ocean Beach, and Balboa Village are nearby. Transit options include the 31 Balboa and 38R Geary routes. Walk Score is 95, Bike Score is 67, and Transit Score is 70.
The property is located at 2335-2337 Balboa St in San Francisco. Golden Gate Park, Ocean Beach, and Balboa Village are nearby. Transit options include the 31 Balboa and 38R Geary routes. Walk Score is 95, Bike Score is 67, and Transit Score is 70.
Key Highlights
- Three units: two 2BD/1BA flats and a newly permitted studio
- Built in 1948
- Attached side‑by‑side garage parking, shared laundry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,291
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,865,820
$1.9M
Cap Rate 7%
$1,332,729
$1.3M
Cap Rate 9%
$1,036,567
$1.0M
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$141.8K $54.00/SF
− Vacancy
−$8.5K −$3.23/SF
EGI
$133.3K $50.77/SF
− OpEx
−$40.0K −$15.23/SF
NOI
$93.3K $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%
$1,865,820
Cap Rate 7%
$1,332,729
Cap Rate 9%
$1,036,567
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.55M
NOI $93,291 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,226 @ 7.0% cap · market cap 5.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
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
$1,634,600
Median Home Value
Market
Average Price Trend$/SF for Triplexes in San Francisco, CA
Properties on Market for Triplexes in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Two two-bedroom flats and a permitted studio share laundry, storage, and a garden patio.
Where is this triplex located?
The property is located at 2335-2337 Balboa St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three units: two 2BD/1BA flats and a newly permitted studio; Built in 1948; Attached side‑by‑side garage parking, shared laundry, and storage
