Five-Unit Apartment
1821-1823 Oak Street San Francisco, CA 94117
For Sale
$1,995,000
Well-maintained five-unit building with updated systems, separate metering, and a landscaped rear yard.
Property Size4,457 SF
Price / SF$447.61
Days on Market71
Property Features for 1821-1823 Oak Street
General Information
Standard status
Active
Size
4,457 SF
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
Engel & Voelkers San Francisco
Listed By:
Michael B Johnston
Source:
Elevationrealestate
Added: May 20
Changed: Jul 10
Last Checked: Jul 24 at 1:47PM
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 Engel & Voelkers San Francisco
Investment Insights
Based on property information with market context.
1821-1823 Oak Street is a well-maintained five-unit apartment building. The property includes three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio apartment, for a total approximate size of 4,457 square feet. The building is fully occupied and professionally managed. Recent and completed improvements include an earthquake retrofit, updated electrical systems, and separate gas and electric metering for each unit. Several apartments have been remodeled with updated kitchens and baths, while retaining bright, spacious, functional layouts. Outside, the property features a large landscaped rear yard with direct access from the expansive ground-floor flat. Additional amenities include a large one-car garage and dedicated tenant storage areas.
The building is located in San Francisco and described as being in the heart of the NOPA neighborhood, within a sought-after residential rental area. The offering is positioned as a clean, well-cared-for multifamily asset with thoughtful long-term maintenance.
For tenants and operators, the unit mix supports a range of household needs, from studios to two-bedroom layouts. For buyers, the separate utility metering and completed earthquake retrofit work are practical, building-level upgrades, while the combination of remodeled interiors and established outdoor space supports continued resident satisfaction. The presence of an on-site garage and tenant storage also adds day-to-day convenience for residents.
The building is located in San Francisco and described as being in the heart of the NOPA neighborhood, within a sought-after residential rental area. The offering is positioned as a clean, well-cared-for multifamily asset with thoughtful long-term maintenance.
For tenants and operators, the unit mix supports a range of household needs, from studios to two-bedroom layouts. For buyers, the separate utility metering and completed earthquake retrofit work are practical, building-level upgrades, while the combination of remodeled interiors and established outdoor space supports continued resident satisfaction. The presence of an on-site garage and tenant storage also adds day-to-day convenience for residents.
Key Highlights
- Five‑unit apartment building totaling approx. 4,457 SF in San Francisco’s NOPA neighborhood
- Unit mix: three 2BD/1BA units, one 1BD/1BA unit, and one studio
- Completed earthquake retrofit and updated electrical systems
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 7.25%
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 76.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained five-unit building with updated systems, separate metering, 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: Five‑unit apartment building totaling approx. 4,457 SF in San Francisco’s NOPA neighborhood; Unit mix: three 2BD/1BA units, one 1BD/1BA unit, and one studio; Completed earthquake retrofit and updated electrical systems
