Duplex with Attached
For Sale
$1,090,000
424 Bellevue Avenue, Daly City, CA 94014
A second legalized unit and an attached garage add practical features to this residential property.
Property Size1,600 SF
Price / SF$681.25
Days on Market20
Property Features for 424 Bellevue Avenue
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Site & Location
Neighborhood
Crocker
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
1,600 SF
Year Built
1926
Listing Agency:
eXp Realty of Northern California, Inc
Listed By:
Lizbeth Alarcon · License #01290820
(707) 386-8211
Source:
Marinsfinest
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 3:37AM
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 eXp Realty of Northern California, Inc
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Investment Insights
Based on property information with market context.
This 1926 duplex has a second legalized unit and an attached garage. The described living areas include two bedrooms and one bathroom, while the lower level has two bedrooms, one bathroom, and two living rooms. The property contains 1,600 square feet on a lot measuring more than 2,300 square feet.
The property is in Daly City's Crocker neighborhood, with transit options, shopping, dining, and parks nearby.
The property is in Daly City's Crocker neighborhood, with transit options, shopping, dining, and parks nearby.
Key Highlights
- Second legalized unit
- 1,600‑square‑foot property on a lot of more than 2,300 square feet
- Lower level includes 2 bedrooms, 1 bathroom, and 2 living rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,941
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,820
$718.8K
Cap Rate 7%
$513,443
$513.4K
Cap Rate 9%
$399,344
$399.3K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$54.7K $34.20/SF
− Vacancy
−$3.4K −$2.11/SF
EGI
$51.3K $32.09/SF
− OpEx
−$15.4K −$9.63/SF
NOI
$35.9K $22.46/SF
Area
Daly City, CA
Vacancy
6.17%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,820
Cap Rate 7%
$513,443
Cap Rate 9%
$399,344
Alternative Uses
Best Use
Multifamily LT 5
$513.4K
$449.3K – $599.0K
NOI $35,941 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$457.0K
$399.9K – $533.2K
NOI $31,990 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$704.4K
$616.4K – $821.9K
NOI $49,311 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
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Business Placement
Demographics for 94014, CA
48,677
Population
15,643
Households
3.1
Avg Household Size
39
Median Age
33%
College-Educated
84%
High-School Grad
6.4 sq mi
ZIP Area
7,606
Density / Sq Mi
$115,513
Median Household Income
$49,144
Median Earnings
$2,089
Median Rent
$979,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A second legalized unit and an attached garage add practical features to this residential property.
Where is this duplex located?
The property is located at 424 Bellevue Avenue Daly City, CA.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Second legalized unit; 1,600‑square‑foot property on a lot of more than 2,300 square feet; Lower level includes 2 bedrooms, 1 bathroom, and 2 living rooms
