1048-1050 Oak St 2 Unit Apartment Building $1,248,704 CAD ($624,352 CAD/Unit) 3.10% Cap Rate San Francisco, CA 94117

Located in the heart of San Francisco’s historic Lower Haight, 1048–1050 Oak Street presents a compelling opportunity to acquire a classic two-unit multifamily asset with enduring charm and strong income potential. Built in 1908 and zoned RH3, this ±1,380-square-foot property sits on a 0.06-acre parcel and features two spacious 3-bedroom, 1.5-bath units, each occupying a full floor. With a total gross scheduled rent of $56,724 and a net operating income of $27,776, the property offers immediate cash flow and long-term upside in one of the city’s most vibrant residential enclaves.
Lower Haight is known for its colorful Victorian architecture, eclectic retail, and walkable streetscapes. Residents enjoy proximity to Duboce Park, Alamo Square, and the bustling Divisadero corridor, with easy access to Downtown, Hayes Valley, and the Castro via multiple transit options. This central location appeals to a diverse tenant base of professionals, creatives, and long-time locals, making it a resilient investment in a high-demand rental market.
With a price per unit of $447,500 and a price per square foot of $648, this offering is well-positioned for investors seeking a stable, well-located asset with character and convenience. Whether held for income or repositioned for added value, 1048–1050 Oak Street delivers a rare blend of architectural appeal, neighborhood energy, and financial performance.