4-Unit Building with Attached
For Sale
$3,000,000
Pending
3239 Broderick Street, San Francisco, CA 94123
The residential mix includes three one-bedroom units and one two-bedroom unit, supported by shared laundry facilities.
Property Size3,880 SF
Days on Market67
Property Features for 3239 Broderick Street
General Information
Standard status
Pending
Size
3,880 SF
Total Parking Spaces
4
Property subtype
Multi Family
Units
Unit Mix
3 x 1BR, 1 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$35,100
Amenities
laundry area
Building Details
Year Built
1928
Buildings
1
Listing Agency:
Coldwell Banker Realty
(650) 558-4200
Listed By:
Daniel Buckley Chavez · License #01962446
Source:
Exitrealty
Added: Jun 26
Changed: Aug 30
Last Checked: Aug 8 at 4:13AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 3,880-square-foot quadplex was constructed in 1928 and contains four residential units: three one-bedroom apartments and one two-bedroom apartment. The property includes four-car attached parking, a laundry area, and period architectural details that contribute to its established character.
Located at 3239 Broderick Street in San Francisco’s Marina District, the building is positioned near Chestnut Street, Marina Green, and the waterfront. The four-unit configuration combines a defined residential mix with on-site parking and shared laundry, providing a compact multifamily asset in a recognizable neighborhood setting.
Located at 3239 Broderick Street in San Francisco’s Marina District, the building is positioned near Chestnut Street, Marina Green, and the waterfront. The four-unit configuration combines a defined residential mix with on-site parking and shared laundry, providing a compact multifamily asset in a recognizable neighborhood setting.
Key Highlights
- Four‑unit residential building with three 1‑bedroom units and one 2‑bedroom unit
- 3,880 SF building constructed in 1928
- Four‑car attached parking
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
$137,893
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
4.60%
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%
$2,757,860
$2.8M
Cap Rate 7%
$1,969,900
$2.0M
Cap Rate 9%
$1,532,144
$1.5M
Market Conditions
NOI Build-Up for 3,880 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
$209.5K $54.00/SF
− Vacancy
−$12.5K −$3.23/SF
EGI
$197.0K $50.77/SF
− OpEx
−$59.1K −$15.23/SF
NOI
$137.9K $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 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%
$2,757,860
Cap Rate 7%
$1,969,900
Cap Rate 9%
$1,532,144
Alternative Uses
Best Use
Multifamily LT 5
$1.97M
$1.72M – $2.30M
NOI $137,893 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,972 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$18.95M
$16.58M – $22.11M
NOI $1,326,654 @ 7.0% cap · market cap 44.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,836
Businesses Nearby
Explore this area
Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The residential mix includes three one-bedroom units and one two-bedroom unit, supported by shared laundry facilities.
Where is this quadplex located?
The property is located at 3239 Broderick Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Four‑unit residential building with three 1‑bedroom units and one 2‑bedroom unit; 3,880 SF building constructed in 1928; Four‑car attached parking
