813 Oak StSan Francisco, CA 94117

  • Apartment buildings
  • 6,925 SF
For Sale
$4,475,000 View listing

Property Details for 813 Oak St

Year built
1900
Property size (Sq ft)
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.

813 Oak St, San Francisco, California

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7736
Longitude
-122.433

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