$4,500,000
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.
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Listed by Ismael Benhamida with Compass (415) 345-3000
Property Type
Quadruplex
Status
Active
MLS Number
ML82028267
Year Built
1900
Lot Size
2,548 sq ft