Triplex with Panoramic Bay
For Sale
$2,400,000
915 Burnett Avenue, San Francisco, CA 94131
MULTI_FAMILY - Contemporary - San Francisco, CA
Property Size3,540 SF
Lot Size0.06 Acres
Price / SF$677.97
Days on Market70
Property Features for 915 Burnett Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 5, Laundry Room, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4
Parking
3
Parking features
Open, Side By Side, Garage
Lot features
Curbs/ Gutters, Sidewalk, Curbs/ Gutters, Sidewalk
View
City
Subdivision
SF District 5
Standard status
Active
APN
2847026
Size
3,540 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry facilities
Building Details
Year built
1972
Floors in Building
3
Number of units
3
Architectural style
Contemporary
Listing Agency:
Compass
(415) 660-9955
Listed By:
Michael Freethy
(415) 823-7917
Added: Jun 6
Changed: Aug 13
Last Checked: Aug 14 at 1:06PM
MLS# 426137411
Copyright © 2026 San Francisco Association of REALTORS. 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.
Contemporary triplex built in 1972 offering panoramic San Francisco skyline and bay views. The property features three units, including a top-level penthouse with three bedrooms and two full bathrooms, plus a deck with panoramic views from the living and dining areas and kitchen. The second unit has two bedrooms and two full bathrooms with San Francisco Bay and skyline views from the living room and dining area. The third unit offers two bedrooms and one full bathroom.
Each unit has its own separate parking spot. Parking is supported by a very spacious garage with side-by-side and open parking configurations. Laundry facilities are located in the garage, with the penthouse unit also featuring its own laundry room.
Set on a 0.0574-acre lot with 3,540 square feet of property size, the home is served by public water and public sewer. The surrounding area is transit friendly, with easy access to Castro Village shops and dining, West Portal shopping, and the nature trails of Glen Park Canyon, plus nearby options including Mollie Stone’s and Safeway.
Each unit has its own separate parking spot. Parking is supported by a very spacious garage with side-by-side and open parking configurations. Laundry facilities are located in the garage, with the penthouse unit also featuring its own laundry room.
Set on a 0.0574-acre lot with 3,540 square feet of property size, the home is served by public water and public sewer. The surrounding area is transit friendly, with easy access to Castro Village shops and dining, West Portal shopping, and the nature trails of Glen Park Canyon, plus nearby options including Mollie Stone’s and Safeway.
Key Highlights
- Three‑unit triplex with panoramic San Francisco skyline and bay views
- Top penthouse unit includes 3 bedrooms, 2 full bathrooms, and a deck
- Second unit offers 2 bedrooms and 2 full bathrooms with bay and skyline views
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
$125,810
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
5.24%
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%
$2,516,200
$2.5M
Cap Rate 7%
$1,797,286
$1.8M
Cap Rate 9%
$1,397,889
$1.4M
Market Conditions
NOI Build-Up for 3,540 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
$191.2K $54.00/SF
− Vacancy
−$11.4K −$3.23/SF
EGI
$179.7K $50.77/SF
− OpEx
−$53.9K −$15.23/SF
NOI
$125.8K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /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%
$2,516,200
Cap Rate 7%
$1,797,286
Cap Rate 9%
$1,397,889
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.57M – $2.10M
NOI $125,810 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.64M
$1.44M – $1.92M
NOI $114,933 @ 7.0% cap · market cap 4.79%
Theoretical Best
Specialty Retail
$17.29M
$15.13M – $20.17M
NOI $1,210,401 @ 7.0% cap · market cap 50.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 94131, CA
28,810
Population
13,755
Households
2.1
Avg Household Size
41
Median Age
78%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
14,405
Density / Sq Mi
$198,779
Median Household Income
$119,053
Median Earnings
$2,971
Median Rent
$1,749,500
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?
Triplex - Contemporary 3-unit triplex with panoramic skyline and bay views, dedicated parking, and laundry in the garage.
Where is this triplex located?
The property is located at 915 Burnett Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three‑unit triplex with panoramic San Francisco skyline and bay views; Top penthouse unit includes 3 bedrooms, 2 full bathrooms, and a deck; Second unit offers 2 bedrooms and 2 full bathrooms with bay and skyline views
