Five-Unit Apartment Building

1821-1823 Oak Street San Francisco, CA 94117

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:
54
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

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


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.

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

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 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
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