Triplex with Panoramic
For Sale
$1,400,000
78 Lausanne Avenue Daly, Daly City, CA 94014
Well-prepared triplex with updated kitchens and separate gas and electric meters, plus a 2-car garage and laundry area.
Property Size4,348 SF
Price / SF$321.99
Days on Market99
Property Features for 78 Lausanne Avenue Daly
General Information
Standard status
Active
Size
4,348 SF
Total Parking Spaces
4
Property subtype
Triplex
Additional Details
Highway Access
Yes
Amenities
coin-op laundry area
storage closets
panoramic views
Wall Furnace
Hood Over Range
Oven Range - Electric
Washer/Dryer
Public Utilities, Water - Public, Individual Electric Meters, Individual Gas Meters, Foam
Building Details
Year Built
1965
Buildings
1
Tenancy
Multi
Listing Agency:
Trinity Realty
Listed By:
Patrick Shannon
(650) 759-0793
Source:
Kw
Added: Jun 11
Changed: Sep 17
Last Checked: Sep 16 at 8:23PM
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 Trinity Realty
Investment Insights
Based on property information with market context.
Completely vacant triplex offering flexible living and rental options. The building includes two one-bedroom, one-bath units plus one three-bedroom, two-bath unit, each with updated kitchen features such as new countertops and sinks, new stoves/ovens and vent hoods, fresh paint, flooring, and window screens. Additional in-unit items include washer/dryer, and the units are described as clean inside and out and ready to rent. Units also have separate gas and electric meters.
The 4,348 SF triplex was built in 1965 and includes a foam roof, double-pane windows, and rear vinyl siding. Outdoor and common features include a 2-car garage with a coin-op laundry area, additional 2-car off-street parking, and three storage closets, along with prominent panoramic views.
Location is described as a short walk to Mission Street, schools, shops, and BART, and just blocks to Mission Street shops, schools, transportation, and restaurants. The property is also described as a short commute to downtown San Francisco and minutes to the 280 freeway, with close proximity to two BART stations.
The 4,348 SF triplex was built in 1965 and includes a foam roof, double-pane windows, and rear vinyl siding. Outdoor and common features include a 2-car garage with a coin-op laundry area, additional 2-car off-street parking, and three storage closets, along with prominent panoramic views.
Location is described as a short walk to Mission Street, schools, shops, and BART, and just blocks to Mission Street shops, schools, transportation, and restaurants. The property is also described as a short commute to downtown San Francisco and minutes to the 280 freeway, with close proximity to two BART stations.
Key Highlights
- 4,348 SF triplex built in 1965
- Two 1‑bedroom, 1‑bath units plus one 3‑bedroom, 2‑bath unit
- Updated kitchens with new countertops, sinks, stoves/ovens, and vent hoods
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
$97,669
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
6.98%
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%
$1,953,380
$2.0M
Cap Rate 7%
$1,395,271
$1.4M
Cap Rate 9%
$1,085,211
$1.1M
Market Conditions
NOI Build-Up for 4,348 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
$148.7K $34.20/SF
− Vacancy
−$9.2K −$2.11/SF
EGI
$139.5K $32.09/SF
− OpEx
−$41.9K −$9.63/SF
NOI
$97.7K $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 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%
$1,953,380
Cap Rate 7%
$1,395,271
Cap Rate 9%
$1,085,211
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.22M – $1.63M
NOI $97,669 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $86,934 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.91M
$1.68M – $2.23M
NOI $134,003 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Well-prepared triplex with updated kitchens and separate gas and electric meters, plus a 2-car garage and laundry area.
Where is this triplex located?
The property is located at 78 Lausanne Avenue Daly Daly City, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,348 SF triplex built in 1965; Two 1‑bedroom, 1‑bath units plus one 3‑bedroom, 2‑bath unit; Updated kitchens with new countertops, sinks, stoves/ovens, and vent hoods
