3-Unit Residential
New
For Sale
$1,295,000
366-368 Richland Avenue, San Francisco, CA 94110
A detached rear cottage is vacant, while two front flats are tenant-occupied and include in-unit laundry.
Property Size2,854 SF
Price / SF$453.75
Days on Market2
Property Features for 366-368 Richland Avenue
General Information
Standard status
Active
Size
2,854 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
in-unit laundry
shared yard
basement
Building Details
Year Built
1912
Buildings
2
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Oct 1
Last Checked: Oct 1 at 2:36PM
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 Compass
Investment Insights
Based on property information with market context.
This 2,854-square-foot triplex, built in 1912, comprises two flats in the front building and a separate cottage at the rear. Each front flat has two bedrooms, one bathroom, an eat-in kitchen, and in-unit laundry. The flats share tandem parking and storage. The vacant cottage offers one bedroom, one bathroom, an eat-in kitchen, laundry, and a basement.
A shared yard serves the residences at 366-368 Richland Avenue in San Francisco. The two front flats are occupied; the detached cottage is vacant.
A shared yard serves the residences at 366-368 Richland Avenue in San Francisco. The two front flats are occupied; the detached cottage is vacant.
Key Highlights
- 2,854‑square‑foot triplex built in 1912
- Two tenant‑occupied front flats, each with 2 bedrooms and 1 bathroom
- Detached rear cottage with 1 bedroom and 1 bathroom; vacant
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
$95,795
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
7.40%
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%
$1,915,900
$1.9M
Cap Rate 7%
$1,368,500
$1.4M
Cap Rate 9%
$1,064,389
$1.1M
Market Conditions
NOI Build-Up for 2,854 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
$145.6K $51.00/SF
− Vacancy
−$8.7K −$3.05/SF
EGI
$136.8K $47.95/SF
− OpEx
−$41.1K −$14.39/SF
NOI
$95.8K $33.57/SF
Area
ZIP 94110
Vacancy
5.98%
Lease Rate
$51.00 /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%
$1,915,900
Cap Rate 7%
$1,368,500
Cap Rate 9%
$1,064,389
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,795 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,249 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$13.94M
$12.20M – $16.26M
NOI $975,843 @ 7.0% cap · market cap 75.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - A detached rear cottage is vacant, while two front flats are tenant-occupied and include in-unit laundry.
Where is this triplex located?
The property is located at 366-368 Richland Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 2,854‑square‑foot triplex built in 1912; Two tenant‑occupied front flats, each with 2 bedrooms and 1 bathroom; Detached rear cottage with 1 bedroom and 1 bathroom; vacant
