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Five-Unit Multifamily Apartment Building

1821-1823 Oak Street San Francisco, CA 94117

1821-1823 Oak Street, San Francisco, CA, 94117
$1,995,000
For Sale
Claim this Listing
$1,995,000

Other - San Francisco, CA

Property Size4,457 SF
Lot Size0.08 Acres
Price / SF$447.61
AddedJun 11
Days on Market34
Last RefreshJul 14 at 6:06 pm

Property Features for 1821-1823 Oak Street

General Information

Property type
Other
Property subtype
Multi Family
Bedrooms
7
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking
1
Parking features
Garage
Standard status
Active
APN
1225035
Size
4,457 SF
Lot size
0.08 Acres

Building Details

Year built
1900
Architectural style
Other

Listing agent Michael B Johnston

Listing office Engel & Völkers San Francisco Union Street 2200 Union Street, San Francisco, CA

Listing date Jun 11, 2026

MLS# 426132539 Listing URL

Copyright © 2026 Engel & Völkers. 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.

1821-1823 Oak Street is a well-maintained five-unit apartment building comprising three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio apartment, totaling approximately 4,457 square feet. The property is fully occupied and professionally managed. Documented improvements include completed earthquake retrofit work, updated electrical systems, and separate gas and electric metering for each unit. Several apartments have been remodeled with updated kitchens and baths while keeping bright, spacious, functional layouts. The building also features a large landscaped rear yard with direct access from the expansive ground-floor flat, along with a large one-car garage and dedicated tenant storage areas.

Located in San Francisco, the property benefits from a neighborhood setting described as the NOPA area. The residential configuration supports straightforward tenant living, and the rear-yard amenity adds meaningful outdoor space uncommon for many apartment buildings.

For tenants, the unit mix provides multiple options, from studio through two-bedroom layouts, with individual gas and electric metering and an outdoor common area accessed directly from the ground-floor unit. For buyers, the current fully occupied status, professionally managed operations, and documented system and capital improvements can support an efficiently run income-producing multifamily asset.

Key Highlights

  • Located in the highly desirable NOPA neighborhood of San Francisco.
  • Five‑unit apartment building with a mix of unit types (3 x 2‑bed/1‑bath, 1 x 1‑bed/1‑bath, 1 x studio).
  • Stable in‑place income with attractive future rental upside potential.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $280.8k $63.00
− Vacancy −$17.7k −$3.97
EGI $263.1k $59.03
− OpEx −$118.4k −$26.56
NOI $144.7k $32.47
4,457 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$2.07M
$1.81M – $2.41M (±1% cap)
NOI $144,706 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.77M
$19.05M – $25.40M (±1% cap)
NOI $1,523,943 @ 7.0% cap · market cap 76.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency HVAC Service Kitchen & Bath Showroom Barber Shop Food Market Cosmetic Store Grocery & Convenience Store Auto Parts Store Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Well-maintained five-unit building with separate utilities, capital improvements, and a landscaped rear yard.
Where is this apartment building located?
The property is located at 1821-1823 Oak Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Located in the highly desirable NOPA neighborhood of San Francisco.; Five‑unit apartment building with a mix of unit types (3 x 2‑bed/1‑bath, 1 x 1‑bed/1‑bath, 1 x studio).; Stable in‑place income with attractive future rental upside potential.
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