Remodeled Duplex with Ocean
New
For Sale
$1,998,000
2419 16th Avenue, San Francisco, CA 94116
Updated two-unit property with ocean-facing living spaces, private outdoor areas, and a side-by-side garage.
Property Size2,344 SF
Price / SF$852.39
Days on Market5
Property Features for 2419 16th Avenue
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Duplex
Building Details
Building Size
2,344 SF
Year Built
1952
Listing Agency:
JODI Group
Listed By:
David T Chan
(415) 661-3232
Source:
Cityrealestatesf
Added: Sep 7
Changed: Sep 8
Last Checked: Sep 10 at 8:41AM
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 JODI Group
Investment Insights
Based on property information with market context.
This duplex was remodeled from the ground up and features an open, light-filled interior with connected living, dining, and entertaining areas. The kitchen includes Thermador appliances and custom cabinetry, while ocean views extend across the kitchen, dining room, and living room. A deck adds elevated outdoor space, and the landscaped backyard provides a separate private retreat. The property also includes a two-car side-by-side garage for parking and storage. The lot has 30-foot-wide frontage, adding useful street presence to the residential income property.
Key Highlights
- Fully remodeled duplex with ocean views from the kitchen, dining room, and living room
- Thermador appliances and custom kitchen cabinetry
- 30‑foot‑wide frontage
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
$78,677
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
3.94%
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%
$1,573,540
$1.6M
Cap Rate 7%
$1,123,957
$1.1M
Cap Rate 9%
$874,189
$874.2K
Market Conditions
NOI Build-Up for 2,344 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
$119.5K $51.00/SF
− Vacancy
−$7.1K −$3.05/SF
EGI
$112.4K $47.95/SF
− OpEx
−$33.7K −$14.39/SF
NOI
$78.7K $33.57/SF
Area
ZIP 94116
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,573,540
Cap Rate 7%
$1,123,957
Cap Rate 9%
$874,189
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$983.5K – $1.31M
NOI $78,677 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$1.04M
$906.0K – $1.21M
NOI $72,479 @ 7.0% cap · market cap 3.63%
Theoretical Best
Retail
$10.69M
$9.35M – $12.47M
NOI $748,033 @ 7.0% cap · market cap 37.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 94116, CA
44,092
Population
16,406
Households
2.7
Avg Household Size
44
Median Age
57%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
17,637
Density / Sq Mi
$152,587
Median Household Income
$79,675
Median Earnings
$2,938
Median Rent
$1,450,000
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 - Updated two-unit property with ocean-facing living spaces, private outdoor areas, and a side-by-side garage.
Where is this duplex located?
The property is located at 2419 16th Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Fully remodeled duplex with ocean views from the kitchen, dining room, and living room; Thermador appliances and custom kitchen cabinetry; 30‑foot‑wide frontage
