817-821 Oak Street, San Francisco, CA 94117, San Francisco, 94117 - 13 bed, 10 bath
817-821 Oak Street
San Francisco, CA 94117
Property Price
SUMMARY
Analysis of 817-821 Oak Street, San Francisco, CA 94117 is currently available with a list price of $4,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1904, this property underwent a complete and extensive remodel in 2017, including a new foundation, seismic upgrades, and all new systems. The description highlights 'high-end, contemporary finishes,' 'updated kitchens and bathrooms' with 'modern quartz countertops,' and 'beautiful hardwood floors.' This level of renovation, though 7 years old, effectively makes the property virtually new in terms of its functional components and aesthetic quality, meeting current standards with no deferred maintenance. The images (as described) would showcase these modern, high-quality updates.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Income & Occupancy
A fully occupied 3-unit building generating a substantial gross annual income of $390,120, supported by a strong 6.80% CAP rate and a proven history of quick re-leasing at top market rates.
- Prime Location
Strategically situated in the highly desirable 'heart of Hayes Valley,' offering excellent access to San Francisco's vibrant amenities, cultural attractions, and transportation.
- Extensive Modern Renovation & Structural Upgrades
Completely remodeled in 2017, including a new foundation, seismic upgrades, and new systems, ensuring long-term structural integrity, modern functionality, and reduced future capital expenditures.
CONSRISKS & DEFICIENCIES
- High Acquisition Cost
The list price of $4.5 million represents a significant capital investment, potentially limiting the pool of prospective buyers to those with substantial financial resources.
- San Francisco Rent Control
As a multi-unit property in San Francisco, it is subject to stringent rent control regulations, which may limit future rent increases and tenant management flexibility, impacting long-term investment strategy.
- Limited Lot Size
The 2550 sqft lot size is relatively small for a 3-unit building of this scale, potentially offering limited outdoor common space or future expansion opportunities beyond the existing structures.
About 817-821 Oak Street
817-821 Oak Street presents a rare opportunity to acquire a well-maintained, fully occupied, 3-Unit building in the heart of Hayes Valley that reflects true pride of ownership. This Edwardian property has been completely remodeled with high-end, contemporary finishes, while simultaneously retaining its classic San Francisco charm. Perfect for investors and owner-occupants alike, each unit boasts updated kitchens and bathrooms, modern quartz countertops, beautiful hardwood floors, high ceilings, and flexible floor plans. Unit 817 is a bi-level, 5bed/4full & 2half bath unit currently rented for $14,030/month that includes its own private studio/guest suite, gourmet chef's kitchen, and backyard. Unit 819, the middle flat, is a 4bed/3bath unit currently rented for $9,180/month. Unit 821, the top floor flat, is also a 4bed/3bath unit currently rented for $9,300/month. This 3-Unit building grosses $390,120/year, and no unit has ever gone more than 2 months without being re-leased at top market rate going back to 2017 (when the building was remodeled with a new foundation, seismic upgrades, and new systems). 6.80% CAP & 11.53 GRM.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1904
- Lot Size
- 2,550 Sq. Ft.
Interior
- Total Bedrooms
- 13
- Total Bathrooms
- 10 (10 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 13.0 | 5.0 | 89% |
| Baths | 10.0 | 3.0 | 89% |
| Square foot | 6,039 | 3,367 | 89% |
| Lot Size | 2,550 | 2,550 | 50% |
| Price | $4.45M | $2.00M | 84% |
| Price per sq ft | $737 | $558 | 58% |
| Built year | 1904 | 1904 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 170 | 170 | 53% |
Pricing History
No pricing history data available.