Multifamily Property in NOPA
1821 Oak St. San Francisco, CA 94117
1821 Oak St., San Francisco, CA, 94117
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For Sale
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Well-maintained five-unit apartment building in San Francisco's NOPA neighborhood.
Property Size4,457 SF
Price / SF$493.61
Days on Market59
Property Features for 1821 Oak St.
General Information
- Standard status
- Active
- Size
- 4,457 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency
Engel & Volkers Commercial - Pacific West Advisory Group
Listed by
Michael Johnston · License #CA 01370461
Source
Crexi
Added: May 20 Checked: Jul 16 at 9:41 am
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 & Volkers Commercial - Pacific West Advisory Group
Investment Insights
Based on property information with market context.
Located in the heart of San Francisco's NOPA neighborhood, 1821 Oak Street is a well-maintained five-unit apartment building. The property features three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio apartment, totaling approximately 4,457 square feet. The building is fully occupied and professionally managed, providing stable in-place income with future rental upside potential. The property has 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 maintaining bright, spacious, and functional layouts. A large landscaped rear yard provides an uncommon outdoor amenity for tenants, including direct access from the expansive ground-floor flat. Additional features include a large one-car garage and dedicated tenant storage areas. The property is situated steps from the Panhandle and within close proximity to Golden Gate Park. Residents enjoy convenient access to popular neighborhood cafes, restaurants, grocery stores, and retail along Divisadero Street and nearby Haight Street. The property also benefits from excellent public transportation options and easy connectivity to Downtown San Francisco, UCSF, and major commuter routes.
Key Highlights
- Located in the highly desirable NOPA neighborhood of San Francisco, known for its strong tenant demand and convenient access to amenities.
- Well‑maintained five‑unit apartment building with stable in‑place income and future rental upside potential.
- Extensive system and capital improvements, including 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
NOI $144,706 @ 7.0% cap · market cap 6.58%
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 69.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained five-unit apartment building in San Francisco's NOPA neighborhood.
Where is this apartment building located?
The property is located at 1821 Oak St. San Francisco, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Located in the highly desirable NOPA neighborhood of San Francisco, known for its strong tenant demand and convenient access to amenities.; Well‑maintained five‑unit apartment building with stable in‑place income and future rental upside potential.; **Extensive system and capital improvements, including completed earthquake retrofit and updated electrical systems.**
