Six-Unit Apartment
For Sale
Under Contract
$2,149,000
454 Railroad Avenue, South San Francisco, CA 94080
Residential Income, South San Francisco, CA
Property Size5,669 SF
Lot Size0.14 Acres
Price / SF$379.08
Days on Market21
Property Features for 454 Railroad Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 5
Parking
6
Parking features
Garage
Security features
Security
Appliances
Gas Water Heater, Free-Standing Electric Range
Lot features
Sidewalk
Subdivision
Old South SF/Rocca
Standard status
Active Under Contract
APN
012323470
Size
5,669 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
on-site laundry
additional storage
Building Details
Year built
1974
Floors in Building
2
Number of units
6
Building materials
Wood, Stucco
Architectural style
Other
Listing Agency:
eXp Realty of California, Inc
(510) 776-7727
Listed By:
Sol A Martinez · License #01432128
(707) 315-2871
Added: Sep 17
Changed: Sep 23
Last Checked: Oct 7 at 1:06PM
MLS# 426162912
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 454 Railroad Avenue in South San Francisco, this 1974 apartment property contains six one-bedroom, one-bath units within 5,669 square feet. The building is constructed with wood and stucco and includes wall-furnace heating, a garage, off-street parking, on-site laundry, and additional storage. Separate gas and electric meters serve the units.
The 0.1377-acre site is in the Old South SF/Rocca area, with access to transportation, shopping, employment centers, SFO, and major Peninsula commuter routes. Public water and public sewer serve the property. Unit interiors include free-standing electric ranges and gas water heaters.
The 0.1377-acre site is in the Old South SF/Rocca area, with access to transportation, shopping, employment centers, SFO, and major Peninsula commuter routes. Public water and public sewer serve the property. Unit interiors include free-standing electric ranges and gas water heaters.
Key Highlights
- Six one‑bedroom, one‑bath units in a 5,669‑square‑foot apartment property
- Built in 1974 on a 0.1377‑acre site
- Garage and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,294
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,085,880
$3.1M
Cap Rate 7%
$2,204,200
$2.2M
Cap Rate 9%
$1,714,378
$1.7M
Market Conditions
NOI Build-Up for 5,669 SF
Gross rent
$295.9K $52.20/SF
− Vacancy
−$15.4K −$2.71/SF
EGI
$280.5K $49.49/SF
− OpEx
−$126.2K −$22.27/SF
NOI
$154.3K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,085,880
Cap Rate 7%
$2,204,200
Cap Rate 9%
$1,714,378
Alternative Uses
Best Use
Apartment 5plus
$2.20M
$1.93M – $2.57M
NOI $154,294 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.50M
$3.94M – $5.25M
NOI $315,207 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,091
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Individual residences offer one-bedroom, one-bath layouts with shared laundry, storage, and parking.
Where is this apartment building located?
The property is located at 454 Railroad Avenue South San Francisco, CA.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bath units in a 5,669‑square‑foot apartment property; Built in 1974 on a 0.1377‑acre site; Garage and off‑street parking
