813 Oak St San Francisco, CA 94117
- Apartment buildings
- 6,925 SF
Current Use by Public Records
- Apartment buildings
Property Details for 813 Oak St
- Year built
- 1900
- Property size
- 6,925 SF
- Property type
- Apartment buildings
Description
This exceptional 4-unit apartment building, located at 813 Oak St, San Francisco, CA 94117, presents a compelling value-add investment opportunity. Built in 1900 and extensively renovated in 2021, this Class A property boasts 6,925 square feet of net rentable space across three stories. The building features four uniquely sized units: one 7-bedroom/3-bathroom, one 6-bedroom/3-bathroom, one 5-bedroom/3-bathroom, and one 2-bedroom/1-bathroom unit, ensuring diverse income streams and mitigating risk. Each unit benefits from modern finishes and features. Outdoor amenities include private backyards with patios and BBQs, enhancing tenant satisfaction and attracting premium rents. The property sits on a 3,049 square foot lot and enjoys a Walk Score of 96 and a Bike Score of 98, reflecting its highly desirable location within San Francisco's Oak Street corridor. Currently 100% occupied, this turnkey investment generates a pro-forma NOI of $350,111, representing a 7.82% pro-forma cap rate. The asking price is $4,475,000, or $1,118,750 per unit, and $646.21 per square foot. Convenient street parking is readily available. The property is zoned RM-1 and its APN is 0844-035. This is a rare opportunity to acquire a fully occupied, high-performing multifamily asset in a prime San Francisco location. The combination of strong rental income, low maintenance, and significant upside potential makes this an ideal investment for discerning buyers.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.433
- Latitude
- 37.7736
