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1048-1050 Oak Street, San Francisco, CA 94117, San Francisco, 94117 - 6 bed, bath

1048-1050 Oak Street, San Francisco, CA 94117 home-pic-0
ACTIVE$869,000
1048-1050 Oak Street, San Francisco, CA 94117
6Beds
0Bath
1,380Sqft
1,921Lot
Year Built
1908
Close
-
List price
$869K
Original List price
-
Price/Sqft
$630
HOA
$0
Days on market
-
Sold On
-
MLS number
425079195
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $869.0K(25th), sqft - 1380(6th), beds - 6(50th), baths - undefined(44th).

Nestled in the heart of San Francisco's highly coveted NOPA (North of the Panhandle) district, this charming two-unit multifamily property presents a rare opportunity for investors and owner-users alike. Surrounded by tree-lined streets, iconic architecture, and just moments from Golden Gate Park, Divisadero corridor dining, and boutique shopping, the location alone commands attention. Both tenant-occupied units feature well-proportioned layouts, generous natural light, and comfortable living spacesideal for long-term rental stability. With strong neighborhood rental demand and ongoing appreciation, there's significant upside potential through strategic renovations and value-add improvements. This building also boasts excellent proximity to public transit, bike routes, and cultural hotspots, enhancing its long-term desirability. Whether you're seeking a 1031 exchange asset, portfolio addition, or future owner-occupancy option, this NOPA gem offers location, stability, and opportunity in equal measure.

Nearby schools

7/10
Muir (John) Elementary School
Public,•K-5•0.4mi
7/10
McKinley Elementary School
Public,•K-5•0.4mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•0.5mi
8/10
New Traditions Elementary School
Public,•K-5•0.8mi
6/10
San Francisco Public Montessori School
Public,•K-5•1.3mi
1/10
Mission Education Center
Public,•K-5•2.2mi
/10
Chinese Education Center
Public,•K-5•2.3mi
2/10
Fairmount Elementary School
Public,•K-5•2.3mi
4/10
Everett Middle School
Public,•6-8•0.8mi
9/10
Roosevelt Middle School
Public,•6-8•1.4mi
6/10
Rooftop Elementary School
Public,•K-8•1.4mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•1.6mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•1.6mi
3/10
Lick (James) Middle School
Public,•6-8•1.7mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•2.0mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•2.1mi
2/10
Revere (Paul) Elementary School
Public,•K-8•2.8mi
9/10
Lawton Alternative Elementary School
Public,•K-8•3.1mi
3/10
San Francisco Community Alternative School
Public,•K-8•3.3mi
2/10
Wells (Ida B.) High School
Public,•9-12•0.2mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•0.7mi
3/10
Mission High School
Public,•9-12•1.0mi
3/10
O'connell (John) High School
Public,•9-12•1.5mi
1/10
Downtown High School
Public,•9-12•2.0mi
2/10
S.F. International High School
Public,•9-12•2.0mi
6/10
Academy Of Arts And Sciences
Public,•9-12•2.0mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•2.0mi
8/10
Galileo High School
Public,•9-12•2.2mi
7/10
Lincoln (Abraham) High School
Public,•9-12•3.0mi
7/10
Washington (George) High School
Public,•9-12•3.0mi
2/10
Marshall (Thurgood) High School
Public,•9-12•3.2mi
7/10
Balboa High School
Public,•9-12•3.6mi
2/10
Jordan (June) School For Equity
Public,•9-12•3.7mi
10/10
Lowell High School
Public,•9-12•3.9mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•4.0mi

Price History

Date
Event
Price
10/05/25
Price Change
$869,000
07/29/05
Sold
$750,000
11/19/04
Sold
$680,000
Condition Rating
Poor
Built in 1908, this property requires substantial repairs and rehabilitation. The kitchen and bathroom are severely outdated with old cabinets, worn countertops, and dated fixtures and flooring, indicating a need for complete renovation. The overall interior finishes are aged, and the description explicitly states that 'significant strategic renovations and updates to modernize systems, aesthetics' are required, suggesting major systems are likely past their expected lifespan.
Pros & Cons

Pros

Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Prime NOPA Location: Situated in the highly coveted NOPA district, offering excellent walkability to Golden Gate Park, diverse dining, boutique shopping, and robust public transit options.
Multifamily Income Potential: A two-unit multifamily property with tenant-occupied units, providing immediate rental income and long-term stability in a high-demand market.
Significant Value-Add Opportunity: Presents substantial upside potential for investors through strategic renovations and value-add improvements, capitalizing on strong neighborhood appreciation.
Versatile Buyer Appeal: Ideal for a range of buyers, including investors seeking a 1031 exchange or portfolio addition, as well as owner-users looking for future occupancy.
Access to Highly-Rated Schools: Located within proximity to several top-rated public schools, enhancing its appeal for families and contributing to long-term property value.

Cons

Age and Renovation Requirements: Built in 1908, the property likely requires significant strategic renovations and updates to modernize systems, aesthetics, and maximize its full potential.
Compact Unit Sizes: With 1380 sqft across two units (implied 3 beds each), the individual unit layouts may be compact, potentially limiting appeal for those seeking more spacious living areas.
Limited Lot Size: The 1921 sqft lot size is relatively small, offering minimal outdoor space and limited potential for significant expansion or additional amenities.

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