Tenant-Occupied Legal
For Sale
$1,185,000
324-326 London Street, San Francisco, CA 94112
Two independent residences offer a five-bedroom configuration, established occupancy, and a private one-car garage.
Property Size2,330 SF
Price / SF$508.58
Days on Market191
Property Features for 324-326 London Street
General Information
Standard status
Active
Size
2,330 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$66,000
Amenities
5
2
Building Details
Year Built
1907
Buildings
1
Tenancy
Multi
Listing Agency:
For sale by owner, please contact
Listed By:
Fizber
Source:
Compass
Added: Feb 20
Changed: Aug 30
Last Checked: Aug 30 at 1:27AM
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 For sale by owner, please contact
Investment Insights
Based on property information with market context.
Built in 1907, this legal duplex at 324-326 London Street contains approximately 2,330 square feet across two separate residences. The upper unit has 3 bedrooms and 1 bathroom, while the lower unit provides 2 bedrooms, 1 bathroom, and a 1-car garage. Both homes are currently occupied by tenants, creating an operating income property with distinct living spaces.
The property is located in San Francisco’s Excelsior District, within walking distance of Mission Street shopping, dining, and transportation. Its two-unit layout, bedroom mix, and garage component support continued rental use while retaining flexibility for an owner-occupant or future repositioning, as described in the property information.
The property is located in San Francisco’s Excelsior District, within walking distance of Mission Street shopping, dining, and transportation. Its two-unit layout, bedroom mix, and garage component support continued rental use while retaining flexibility for an owner-occupant or future repositioning, as described in the property information.
Key Highlights
- Legal duplex with two independent units
- Approximately 2,330 square feet built in 1907
- Upper unit: 3 bedrooms and 1 bathroom
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
$93,848
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
7.92%
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%
$1,876,960
$1.9M
Cap Rate 7%
$1,340,686
$1.3M
Cap Rate 9%
$1,042,756
$1.0M
Market Conditions
NOI Build-Up for 2,330 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
$142.6K $61.20/SF
− Vacancy
−$8.5K −$3.66/SF
EGI
$134.1K $57.54/SF
− OpEx
−$40.2K −$17.26/SF
NOI
$93.8K $40.28/SF
Area
ZIP 94112
Vacancy
5.98%
Lease Rate
$61.20 /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%
$1,876,960
Cap Rate 7%
$1,340,686
Cap Rate 9%
$1,042,756
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,848 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,014 @ 7.0% cap · market cap 7.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
Explore this area
Business Placement
Demographics for 94112, CA
79,314
Population
24,530
Households
3.2
Avg Household Size
42
Median Age
36%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
24,035
Density / Sq Mi
$130,906
Median Household Income
$55,744
Median Earnings
$2,326
Median Rent
$1,159,600
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?
Duplex - Two independent residences offer a five-bedroom configuration, established occupancy, and a private one-car garage.
Where is this duplex located?
The property is located at 324-326 London Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Legal duplex with two independent units; Approximately 2,330 square feet built in 1907; Upper unit: 3 bedrooms and 1 bathroom
