Two-Unit
For Sale
$895,000
71 Santa Marina Street, San Francisco, CA 94110
Two-level configuration includes one occupied residence and one vacant residence.
Property Size1,751 SF
Price / SF$511.14
Days on Market31
Property Features for 71 Santa Marina Street
General Information
Standard status
Active
Size
1,751 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1907
Listing Agency:
Colliers International
(415) 275-0229
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Aug 2
Changed: Aug 31
Last Checked: Aug 31 at 3:10PM
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 Colliers International
Investment Insights
Based on property information with market context.
This duplex at 71 Santa Marina Street contains two separate residential units arranged on upper and lower levels. The upper residence has four rooms with two bedrooms and one bathroom and is currently occupied. The lower residence includes three rooms, one bedroom, and one bathroom and is vacant.
Constructed in 1907, the property offers an existing two-unit layout with distinct occupancy statuses for each residence. The address is in San Francisco, CA 94110.
Constructed in 1907, the property offers an existing two-unit layout with distinct occupancy statuses for each residence. The address is in San Francisco, CA 94110.
Key Highlights
- Upper residence: four rooms, two bedrooms, one bathroom, currently occupied
- Lower residence: three rooms, one bedroom, one bathroom, currently vacant
- Two‑unit duplex at 71 Santa Marina Street, San Francisco, CA 94110
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
$58,773
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
6.57%
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%
$1,175,460
$1.2M
Cap Rate 7%
$839,614
$839.6K
Cap Rate 9%
$653,033
$653.0K
Market Conditions
NOI Build-Up for 1,751 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
$89.3K $51.00/SF
− Vacancy
−$5.3K −$3.05/SF
EGI
$84.0K $47.95/SF
− OpEx
−$25.2K −$14.39/SF
NOI
$58.8K $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%
$1,175,460
Cap Rate 7%
$839,614
Cap Rate 9%
$653,033
Alternative Uses
Best Use
Multifamily LT 5
$839.6K
$734.7K – $979.6K
NOI $58,773 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$773.5K
$676.8K – $902.4K
NOI $54,143 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$8.55M
$7.48M – $9.98M
NOI $598,704 @ 7.0% cap · market cap 66.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,864
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?
Duplex - Two-level configuration includes one occupied residence and one vacant residence.
Where is this duplex located?
The property is located at 71 Santa Marina Street San Francisco, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Upper residence: four rooms, two bedrooms, one bathroom, currently occupied; Lower residence: three rooms, one bedroom, one bathroom, currently vacant; Two‑unit duplex at 71 Santa Marina Street, San Francisco, CA 94110
