Renovated Four-Unit
For Sale
$4,500,000
811 Oak St, San Francisco, CA 94117
Updated interiors, modernized building systems, and laundry in every unit support a well-maintained residential income property.
Property Size5,725 SF
Price / SF$786.03
Days on Market278
Property Features for 811 Oak St
General Information
Standard status
Active
Size
5,725 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$54,571
Listing Agency:
Compass
(408) 373-6195
Listed By:
Ismael Benhamida · License #01722847
(408) 373-6195
Source:
Exprealty
Added: Nov 25, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:55PM
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 Compass
Investment Insights
Based on property information with market context.
This four-unit residential income property combines two 6-bedroom, 3-bath residences, one 5-bedroom, 3-bath residence, and a 2-bedroom, 1-bath residence. Each unit features vaulted ceilings, an expansive kitchen and living area, laundry, and renovated finishes. Interior improvements include new walls and ceilings, subfloors, plank flooring, LED lighting, dual-pane windows and doors, quartz kitchen counters, cabinetry, appliances, bathroom fixtures, vanities, bathtubs, and showers.
Building-wide work began in 2019 and includes electrical rewiring, new panels, 400-amp service, gas and copper plumbing, siding, exterior paint, roofing, and finished hallways. Located at 811 Oak St in San Francisco’s Lower Haight, the property is near restaurants, shops, and technology and AI companies. Tenants reimburse water, sewer, and trash expenses, and the property carries a 6.04% current CAP rate.
Building-wide work began in 2019 and includes electrical rewiring, new panels, 400-amp service, gas and copper plumbing, siding, exterior paint, roofing, and finished hallways. Located at 811 Oak St in San Francisco’s Lower Haight, the property is near restaurants, shops, and technology and AI companies. Tenants reimburse water, sewer, and trash expenses, and the property carries a 6.04% current CAP rate.
Key Highlights
- Four‑unit configuration with two 6‑bed/3‑bath units, one 5‑bed/3‑bath unit, and one 2‑bed/1‑bath unit
- 6.04% current CAP rate
- 2019 renovation program included electrical, plumbing, siding, paint, roofing, and hallway improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$203,464
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,069,280
$4.1M
Cap Rate 7%
$2,906,629
$2.9M
Cap Rate 9%
$2,260,711
$2.3M
Market Conditions
NOI Build-Up for 5,725 SF
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.
Gross rent
$309.2K $54.00/SF
− Vacancy
−$18.5K −$3.23/SF
EGI
$290.7K $50.77/SF
− OpEx
−$87.2K −$15.23/SF
NOI
$203.5K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,069,280
Cap Rate 7%
$2,906,629
Cap Rate 9%
$2,260,711
Alternative Uses
Best Use
Multifamily LT 5
$2.91M
$2.54M – $3.39M
NOI $203,464 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$2.66M
$2.32M – $3.10M
NOI $185,874 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$27.96M
$24.47M – $32.62M
NOI $1,957,499 @ 7.0% cap · market cap 43.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 94117, CA
38,451
Population
19,709
Households
2
Avg Household Size
36
Median Age
78%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
29,578
Density / Sq Mi
$175,096
Median Household Income
$106,542
Median Earnings
$2,786
Median Rent
$1,641,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated interiors, modernized building systems, and laundry in every unit support a well-maintained residential income property.
Where is this quadplex located?
The property is located at 811 Oak St San Francisco, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Four‑unit configuration with two 6‑bed/3‑bath units, one 5‑bed/3‑bath unit, and one 2‑bed/1‑bath unit; 6.04% current CAP rate; 2019 renovation program included electrical, plumbing, siding, paint, roofing, and hallway improvements
