Townhouse-Style
New
For Sale
$1,868,000
324 Susie Way, South San Francisco, CA 94080
Four separately configured residences with attached garage spaces and recent exterior and interior improvements.
Property Size4,767 SF
Lot Size0.08 Acres
Price / SF$391.86
Days on Market2
Property Features for 324 Susie Way
General Information
Standard status
Active
Size
4,767 SF
Total Parking Spaces
4
Lot size
0.08 Acres
Property subtype
Investment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$22,000
Building Details
Building Size
4,767 SF
Year Built
1968
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
W. J. Britton & Company
(415) 934-1151
Listed By:
John F. Britton · License #00848717
(415) 934-1151
Source:
Elliman
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 2:29AM
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 W. J. Britton & Company
Investment Insights
Based on property information with market context.
Built in 1968, this approximately 4,767-square-foot quadplex contains four townhouse-style residences, each offering two bedrooms and one and a half baths. The property sits on an approximately 3,354-square-foot lot and includes four garage spaces. Recent work includes a new roof, exterior painting, partial exterior stucco, interior carpeting, and replacement garage doors. The property is SB 721 compliant.
Located at 324 Susie Way in South San Francisco, the property offers access to Caltrain, freeways, and SamTrans. WalkScore is 47, BikeScore is 27, and TransitScore is 29.
Located at 324 Susie Way in South San Francisco, the property offers access to Caltrain, freeways, and SamTrans. WalkScore is 47, BikeScore is 27, and TransitScore is 29.
Key Highlights
- Four townhouse‑style units, each with 2 bedrooms and 1.5 baths
- Approximately 4,767 SF on an approximately 3,354 SF lot
- Four garage spaces included
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.7k | $44.40 |
| − Vacancy | −$13.8k | −$2.89 |
| EGI | $197.9k | $41.51 |
| − OpEx | −$59.4k | −$12.45 |
| NOI | $138.5k | $29.06 |
4,767 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.98M
$1.73M – $2.31M
NOI $138,528 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,744 @ 7.0% cap · market cap 6.95%
Theoretical Best
Warehouse
$3.79M
$3.31M – $4.42M
NOI $265,054 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 94080, CA
66,592
Population
23,364
Households
2.9
Avg Household Size
40
Median Age
40%
College-Educated
86%
High-School Grad
10.2 sq mi
ZIP Area
6,529
Density / Sq Mi
$135,966
Median Household Income
$61,138
Median Earnings
$2,840
Median Rent
$1,159,500
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 - Four separately configured residences with attached garage spaces and recent exterior and interior improvements.
Where is this quadplex located?
The property is located at 324 Susie Way South San Francisco, CA.
What is the asking price?
The asking price for this property is $1,868,000.
What are key features of this property?
This property features: Four townhouse‑style units, each with 2 bedrooms and 1.5 baths; Approximately 4,767 SF on an approximately 3,354 SF lot; Four garage spaces included
