NOPA Multifamily Investment
1821-1823 Oak Street, San Francisco, CA 94117
Other - San Francisco, CA
Type:Multi Family
Property size:
4,457 SFLot size:
0.08 AcresPrice / SF:
$493/SF- Added:
- May 20, 2026
- Days on Market:
- 11
- Last Refresh:
- May 30 at 3:06 am
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 (415) 689-8592
Listing date May 20, 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.
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.
- Extensive system and capital improvements, including earthquake retrofit and updated electrical systems.
- Large, landscaped rear yard, an uncommon amenity in San Francisco.
- Includes a one‑car garage and dedicated tenant storage areas.
Overview
The property at 1821 Oak Street is a well-maintained five-unit apartment building situated in San Francisco's NOPA neighborhood. The building comprises 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, providing stable in-place income with potential for future rental upside. The building has undergone extensive system and capital improvements, including completed earthquake retrofit work and updated electrical systems. Each unit has separate gas and electric metering. Several apartments have been remodeled with updated kitchens and baths while maintaining bright, spacious, and functional layouts. A large landscaped rear yard offers an outdoor amenity for tenants, with direct access from the ground-floor flat. Additional features include a large one-car garage and dedicated tenant storage areas. This property presents an opportunity to acquire a multifamily asset in a desirable rental location.
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
NOI $144,706 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.77M
$19.05M – $25.40M
NOI $1,523,943 @ 7.0% cap · market cap 69.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.449523
- Latitude
- 37.771391
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained five-unit apartment building in San Francisco's NOPA neighborhood.
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 $2,200,000.
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.
