Edwardian Two-Unit Mixed-Use
For Sale
Contact for pricing
2924 Cesar Chavez St, San Francisco, CA 94110
Two-unit Edwardian mixed-use building with vacant ground-level commercial space and income-generating residential unit above.
Property Size1,306 SF
Price / SF$1,016
Days on Market427
Property Features for 2924 Cesar Chavez St
General Information
Standard status
Active
Size
1,306 SF
Property subtype
RETAIL
Financials
Gross Income
$96,000
Average Monthly Rent
$8,000
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 9BR/2BA
Multifamily Units
1
Building Details
Buildings
1
Construction
Edwardian
Tenancy
Single
Listing Agency:
Intero | San Bruno
(650) 255-4649
Listed By:
Elizabeth Nguyen · License #01403644
(650) 255-4649
Source:
Moodyscre
Added: Jul 3, 2025
Changed: Aug 23
Last Checked: Sep 1 at 8:08PM
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 Intero | San Bruno
Investment Insights
Based on property information with market context.
This Edwardian-style two-unit mixed-use building offers a street-level commercial unit that is currently vacant, along with a residential unit above. The ground level commercial space can be converted into a 2-bedroom, 2-bathroom layout, and an approved site plan is available for that conversion.
The residential portion is described as having 2 levels with 9 bedrooms and 2 bathrooms. It is rented room by room from one master tenant.
The property is located at 2924 Cesar Chavez St in San Francisco, with convenient access to shops, supermarkets, schools, parks, restaurants, and public transportation. The remarks also note easy access to freeways 101 and 280 and proximity to Downtown San Francisco and San Francisco International Airport.
The residential portion is described as having 2 levels with 9 bedrooms and 2 bathrooms. It is rented room by room from one master tenant.
The property is located at 2924 Cesar Chavez St in San Francisco, with convenient access to shops, supermarkets, schools, parks, restaurants, and public transportation. The remarks also note easy access to freeways 101 and 280 and proximity to Downtown San Francisco and San Francisco International Airport.
Key Highlights
- Two‑unit Edwardian‑style mixed‑use building
- Ground‑level commercial unit is vacant and can be converted to 2 bed, 2 bath
- Approved site plan available for the commercial‑to‑residential conversion
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
$40,383
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
3.04%
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%
$807,660
$807.7K
Cap Rate 7%
$576,900
$576.9K
Cap Rate 9%
$448,700
$448.7K
Market Conditions
NOI Build-Up for 1,306 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
$78.4K $60.00/SF
− Vacancy
−$4.9K −$3.78/SF
EGI
$73.4K $56.22/SF
− OpEx
−$33.0K −$25.30/SF
NOI
$40.4K $30.92/SF
Area
ZIP 94110
Vacancy
6.30%
Lease Rate
$60.00 /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%
$807,660
Cap Rate 7%
$576,900
Cap Rate 9%
$448,700
Alternative Uses
Best Use
Retail
$5.95M
$5.21M – $6.95M
NOI $416,779 @ 7.0% cap · market cap 31.38%
Second Best
Apartment 5plus
$576.9K
$504.8K – $673.1K
NOI $40,383 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$6.38M
$5.58M – $7.44M
NOI $446,549 @ 7.0% cap · market cap 33.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,905
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 36%
Groceries 11%
Hotels & Casinos 4%
McDonald's
Dining
29,400 visits/mo
0.4 miles
Jack in the Box
Dining
20,382 visits/mo
0.4 miles
Burger King
Dining
15,954 visits/mo
0.3 miles
Shell
Shops & Services
14,356 visits/mo
0.4 miles
Speedway
Shops & Services
13,184 visits/mo
0.5 miles
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
Median Home Value
Market
Vacancy Rate% for Retail in San Francisco, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-unit Edwardian mixed-use building with vacant ground-level commercial space and income-generating residential unit above.
Where is this mixed-use property located?
The property is located at 2924 Cesar Chavez St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,328,000.
What are key features of this property?
This property features: Two‑unit Edwardian‑style mixed‑use building; Ground‑level commercial unit is vacant and can be converted to 2 bed, 2 bath; Approved site plan available for the commercial‑to‑residential conversion
