Five-Unit Multifamily Apartment
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:
$447/SF- Added:
- Jun 11, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 5 at 7:06 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 Jun 11, 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
1821-1823 Oak Street is a well-maintained five-unit apartment building comprising 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. Documented improvements include completed earthquake retrofit work, updated electrical systems, and separate gas and electric metering for each unit. Several apartments have been remodeled with updated kitchens and baths while keeping bright, spacious, functional layouts. The building also features a large landscaped rear yard with direct access from the expansive ground-floor flat, along with a large one-car garage and dedicated tenant storage areas.
Located in San Francisco, the property benefits from a neighborhood setting described as the NOPA area. The residential configuration supports straightforward tenant living, and the rear-yard amenity adds meaningful outdoor space uncommon for many apartment buildings.
For tenants, the unit mix provides multiple options, from studio through two-bedroom layouts, with individual gas and electric metering and an outdoor common area accessed directly from the ground-floor unit. For buyers, the current fully occupied status, professionally managed operations, and documented system and capital improvements can support an efficiently run income-producing multifamily asset.
Located in San Francisco, the property benefits from a neighborhood setting described as the NOPA area. The residential configuration supports straightforward tenant living, and the rear-yard amenity adds meaningful outdoor space uncommon for many apartment buildings.
For tenants, the unit mix provides multiple options, from studio through two-bedroom layouts, with individual gas and electric metering and an outdoor common area accessed directly from the ground-floor unit. For buyers, the current fully occupied status, professionally managed operations, and documented system and capital improvements can support an efficiently run income-producing multifamily asset.
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 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 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 building with separate utilities, capital improvements, 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: 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.
