Three-Unit Multifamily
1615 Oakdale Avenue San Francisco, CA 94124
For Sale
$1,498,888
Three-unit building with two remodeled three-bedroom, two-bath units and a downstairs one-bedroom, one-bath unit plus solar panel system.
Property Size3,500 SF
Price / SF$428.25
Days on Market190
Property Features for 1615 Oakdale Avenue
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1989
Listing Agency:
Paymon Real Estate Group
(650) 683-0388
Listed By:
Paymon Ghafouri · License #01375245
(650) 683-0388
Source:
Exitrealty
Added: Jan 15
Changed: Jul 22
Last Checked: Jul 24 at 5:16AM
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 Paymon Real Estate Group
Investment Insights
Based on property information with market context.
This three-unit multifamily property features two spacious 3-bedroom, 2-bath units and a separate downstairs 1-bedroom, 1-bath unit. The two larger units are described as approximately 1,500 square feet each and are presented as remodeled and well-maintained. A solar panel system is installed, which may help reduce operating costs.
Located at 1615 Oakdale Avenue in San Francisco, the property is positioned for convenient access to major freeways and downtown, supporting nearby shopping, dining, and employment.
With three residential units in place and a solar panel system included, the building offers a straightforward rental configuration for an investor seeking a long-term income property in an established area.
Located at 1615 Oakdale Avenue in San Francisco, the property is positioned for convenient access to major freeways and downtown, supporting nearby shopping, dining, and employment.
With three residential units in place and a solar panel system included, the building offers a straightforward rental configuration for an investor seeking a long-term income property in an established area.
Key Highlights
- Three‑unit multifamily building built in 1989
- Includes two 3‑bedroom, 2‑bath units, each approximately 1,500 sq. ft., and described as remodeled
- Downstairs includes a 1‑bedroom, 1‑bath unit
Financial Insights For Multifamily LT 5
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 | $189.0k | $54.00 |
| − Vacancy | −$11.3k | −$3.23 |
| EGI | $177.7k | $50.77 |
| − OpEx | −$53.3k | −$15.23 |
| NOI | $124.4k | $35.54 |
3,500 SF · lease $54.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.55M – $2.07M
NOI $124,388 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,635 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$17.10M
$14.96M – $19.95M
NOI $1,196,724 @ 7.0% cap · market cap 79.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit building with two remodeled three-bedroom, two-bath units and a downstairs one-bedroom, one-bath unit plus solar panel system.
Where is this triplex located?
The property is located at 1615 Oakdale Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,498,888.
What are key features of this property?
This property features: Three‑unit multifamily building built in 1989; Includes two 3‑bedroom, 2‑bath units, each approximately 1,500 sq. ft., and described as remodeled; Downstairs includes a 1‑bedroom, 1‑bath unit
