Realkey.ai
RealKey
‪(213) 433-7766‬

811 Oak Street, San Francisco, CA 94117, San Francisco, 94117 - 19 bed, bath

811 Oak Street, San Francisco, CA 94117 home-pic-0
ACTIVE$4,500,000$5,725/sqft
811 Oak Street, San Francisco, CA 94117
19Beds
0Bath
5,725Sqft
2,548Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Cash Flow & CAP Rate: The property boasts a strong 6.04% current CAP rate, indicating robust cash flow, further enhanced by tenants reimbursing for water, sewer, and trash.
Top Cons:
Historic Property Age: Despite extensive renovations, the building's original construction in 1900 may present long-term maintenance considerations or potential unforeseen structural issues not covered by recent upgrades.

Compared to the nearby listings

Price:$4.50M vs avg $2.02M (+$2,480,000)86%
Size:5,725 sqft vs avg 3,712.5 sqft93%
Price/sqft:$786 vs avg $53864%

More Insights

Built in 1900 (126 years old).
Condition: Despite being built in 1900, this property has undergone an extensive, multi-million dollar renovation project starting in 2019, bringing all major systems and interior finishes to a virtually new condition. The description explicitly states new electrical, plumbing, roof, siding, windows, doors, plank flooring, LED lighting, and high-end kitchens with new quartz counters, cabinets, and stainless steel appliances. Bathrooms feature new vanities, bathtubs/showers, and plumbing fixtures. The images confirm these modern, high-quality updates throughout, indicating no deferred maintenance and meeting current quality standards.
Year Built
1900
Close
-
List price
$4.5M
Original List price
-
Price/Sqft
$786
HOA
$0
Days on market
-
Sold On
-
MLS number
ML82028267
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

6.04% current CAP rate. Turnkey 5,725 SqFt triplex + in-law unit w/ $1.1M+ in renovations. Highly sought after Lower Haight location near tech/AI companies, restaurants, shops. (2) 6-bed/3-bath units (2184 & 1871 SqFt w/ rents of $9,465 & $8,625/month), (1) 5-bed/3-bath unit (1720 SqFt, $8,325/month), & (1) 2-bed/1-bath unit (768 SqFt, $4,180/month). Each unit has a vaulted ceiling, large kitchen & living room, & laundry. Multi-year renovation project started in 2019- new electrical wiring & 400 amp service w/ new panels, gas, copper plumbing, siding, paint, roof, & hallway finishes. The unit interiors were fully renovated with new walls & ceilings, subfloors, plank flooring, LED lighting, dual pane windows & doors. High-end kitchens appointed with new quartz counters, cabinets, & appliances. Bathrooms have new vanities, bathtubs, showers, & plumbing fixtures. No expense spared. Rent levels are commensurate w/ newer construction properties. Tenants are high income & credit score professionals. No past due rents or tenant disputes. Tenants reimburse for water, sewer, trash. The best-in-class renovations, management ease, proximity to large employers, and prestigious Lower Haight location make 811 Oak Street a great opportunity for both the cashflow & appreciation minded investor.

I
Ismael Benhamida
Listing Agent
Condition Rating
Excellent
Despite being built in 1900, this property has undergone an extensive, multi-million dollar renovation project starting in 2019, bringing all major systems and interior finishes to a virtually new condition. The description explicitly states new electrical, plumbing, roof, siding, windows, doors, plank flooring, LED lighting, and high-end kitchens with new quartz counters, cabinets, and stainless steel appliances. Bathrooms feature new vanities, bathtubs/showers, and plumbing fixtures. The images confirm these modern, high-quality updates throughout, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Exceptional Cash Flow & CAP Rate: The property boasts a strong 6.04% current CAP rate, indicating robust cash flow, further enhanced by tenants reimbursing for water, sewer, and trash.
Extensive Turnkey Renovations: Over $1.1M in comprehensive renovations since 2019, including new electrical, plumbing, roof, siding, and fully updated interiors with high-end finishes, making it a truly turnkey investment.
Premium Lower Haight Location: Situated in a highly sought-after Lower Haight location, offering proximity to major tech/AI companies, vibrant restaurants, and shops, ensuring strong tenant demand and appreciation potential.
High-Quality, Stable Tenancy: The property benefits from high-income, high-credit professional tenants with no past due rents or disputes, providing reliable and consistent rental income.
Diverse & High-Earning Unit Mix: Comprising a triplex plus an in-law unit with large layouts (up to 6-bed), the property commands premium rents commensurate with newer construction properties.

Cons

Historic Property Age: Despite extensive renovations, the building's original construction in 1900 may present long-term maintenance considerations or potential unforeseen structural issues not covered by recent upgrades.
High Capital Investment: The $4.5 million list price represents a substantial investment, which may limit the pool of potential buyers to highly capitalized investors.
San Francisco Regulatory Environment: As an income property in San Francisco, it is subject to stringent rent control and tenant protection laws, which could impact future rent growth and landlord flexibility, despite current stable tenancy.
Browse Properties by State Browse housing market trends by state