Three-Unit Residential Income
New
For Sale
$1,695,000
2954 Diamond Street, San Francisco, CA 94131
Residential Income, San Francisco, CA
Property Size3,002 SF
Lot Size0.06 Acres
Price / SF$564.62
Days on Market4
Property Features for 2954 Diamond Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 5
Lot features
Garden, Garden
Subdivision
SF District 5
Standard status
Active
APN
6756007
Size
3,002 SF
Lot size
0.06 Acres
Amenities
sunny shared tiered garden
shared laundry
Building Details
Year built
1978
Floors in Building
4
Number of units
3
Buildings
1
Listing Agency:
Compass
(415) 660-9955
Listed By:
Maryanne Diaz
(415) 577-4873
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 25 at 6:06AM
MLS# 426172041
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1978 triplex contains three residences totaling 3,002 square feet. The upper flat has three bedrooms and two bathrooms in a split-level layout, including a large primary suite. The middle residence has two bedrooms and one bathroom, while the lower unit has one bedroom and one bathroom. Updated flooring is noted in the middle flat; the lower unit also has an updated kitchen. The property includes three independent parking spaces, a shared tiered garden, and shared laundry that generates additional income.
The building stands across from Glen Park BART and near the shops, cafés, and restaurants of Glen Park Village. Roof work includes front roof replacement and new front stucco in 2015, followed by roof resurfacing and skylight replacement approximately two to three years ago. Condominium conversion has been approved, subject to completion and applicable requirements.
The building stands across from Glen Park BART and near the shops, cafés, and restaurants of Glen Park Village. Roof work includes front roof replacement and new front stucco in 2015, followed by roof resurfacing and skylight replacement approximately two to three years ago. Condominium conversion has been approved, subject to completion and applicable requirements.
Key Highlights
- Three residences: 3BR/2BA, 2BR/1BA, and 1BR/1BA
- 3,002‑square‑foot building on a 0.0573‑acre lot
- Three separate parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,690
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,133,800
$2.1M
Cap Rate 7%
$1,524,143
$1.5M
Cap Rate 9%
$1,185,444
$1.2M
Market Conditions
NOI Build-Up for 3,002 SF
Gross rent
$162.1K $54.00/SF
− Vacancy
−$9.7K −$3.23/SF
EGI
$152.4K $50.77/SF
− OpEx
−$45.7K −$15.23/SF
NOI
$106.7K $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%
$2,133,800
Cap Rate 7%
$1,524,143
Cap Rate 9%
$1,185,444
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.78M
NOI $106,690 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,466 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$14.66M
$12.83M – $17.11M
NOI $1,026,448 @ 7.0% cap · market cap 60.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
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Business Placement
Demographics for 94131, CA
28,810
Population
13,755
Households
2.1
Avg Household Size
41
Median Age
78%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
14,405
Density / Sq Mi
$198,779
Median Household Income
$119,053
Median Earnings
$2,971
Median Rent
$1,749,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct flats offer a range of unit sizes, with separate parking and shared laundry on site.
Where is this triplex located?
The property is located at 2954 Diamond Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three residences: 3BR/2BA, 2BR/1BA, and 1BR/1BA; 3,002‑square‑foot building on a 0.0573‑acre lot; Three separate parking spaces
