Triplex with Garage
38 San Jose Avenue, San Francisco, CA 94110
For Sale
New
$2,790,000
Three two-bedroom, two-bathroom residences include a security entrance and a fenced rear garden.
Property Size3,706 SF
Price / SF$930
Days on Market4
Property Features for 38 San Jose Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
security entrance
laundry and utility areas
fenced rear garden with vegetable garden
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Berkshire Hathaway Drysdale Properties
Listed By:
Kerry P Mullins
Source:
Adelaidamejiasf
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 8:12AM
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 Berkshire Hathaway Drysdale Properties
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Investment Insights
Based on property information with market context.
Built in 1989, this San Francisco triplex contains three residences, each with two bedrooms, two full bathrooms, and approximately 1,000 square feet of living area. The units share a secured entry and laundry and utility areas. Two garages provide three vehicle spaces in total, with one garage accommodating one vehicle and the other accommodating two. A fenced rear garden includes a vegetable garden.
The property is near the shops, restaurants, and neighborhood amenities of Noe Valley, the Mission District, and the Castro. Public transportation and Dolores Park are also nearby.
The property is near the shops, restaurants, and neighborhood amenities of Noe Valley, the Mission District, and the Castro. Public transportation and Dolores Park are also nearby.
Key Highlights
- Three residences, each with 2 bedrooms, 2 full bathrooms, and approximately 1,000 square feet
- Two garages provide a total of 3 vehicle spaces
- Fenced rear garden includes a vegetable garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,695
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,013,900
$2.0M
Cap Rate 7%
$1,438,500
$1.4M
Cap Rate 9%
$1,118,833
$1.1M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$9.1K −$3.05/SF
EGI
$143.9K $47.95/SF
− OpEx
−$43.2K −$14.39/SF
NOI
$100.7K $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 Rate 5%
$2,013,900
Cap Rate 7%
$1,438,500
Cap Rate 9%
$1,118,833
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,695 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,763 @ 7.0% cap · market cap 3.32%
Theoretical Best
—
—
same as Best Use
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
6,404
Businesses Nearby
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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
$1,500,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in San Francisco, CA
Properties on Market for Triplexes in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom, two-bathroom residences include a security entrance and a fenced rear garden.
Where is this triplex located?
The property is located at 38 San Jose Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Three residences, each with 2 bedrooms, 2 full bathrooms, and approximately 1,000 square feet; Two garages provide a total of 3 vehicle spaces; Fenced rear garden includes a vegetable garden
