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    Five-Unit Apartment Building Title is generated by Realmo AI

    1821-1823 Oak Street, San Francisco, CA 94117

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    Claim this Listing
    For Sale
    $1,995,000

    Well-maintained five-unit building with updated systems, separate metering, and a landscaped rear yard.

    Type:Multi Family
    Property size:
    4,457 SF
    Price / SF:
    $447/SF
    Added:
    May 20, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 13 at 2:20 am

    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

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    Listing Contact
    Michael B Johnston

    Listing agent Michael B Johnston

    Listing office Engel & Voelkers San Francisco

    Listing date May 20, 2026

    Source Elevationrealestate

    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

    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
    • Separate gas and electric metering for each unit
    • Several units remodeled with updated kitchens and baths
    • Large landscaped rear yard with direct access from the expansive ground‑floor flat; includes a one‑car garage and tenant storage areas

    Overview

    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.

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Mateo
    State
    California
    Longitude
    -122.449343
    Latitude
    37.771562

    FAQs

    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
    More about this property
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