$4.3M Loan on a Six-Unit Hayes Valley Victorian

The recorded loan says 619 Oak Street and the borrower calls itself 607 Oak LLC, and both are right: the collateral is one 1906 Victorian walk up spanning the address range 607 to 619 Oak Street, six units across 9,600 square feet at the edge of Hayes Valley and the Lower Haight. JPMorgan Chase recorded a $4,325,000 deed of trust on May 11, 2026, executed April 30, nine months after the building sold.

The 2025 sale is unusually well documented for a building this size. Listed in March 2025 at $4,250,000 and marketed as a tenancy in common conversion opportunity with five of six units delivered vacant, it closed in August at a recorded $3,700,000. The new loan exceeds that purchase price by $625,000, a gap consistent with the renovation program visible in the rental market since: a renovated four bedroom unit in the building has been advertised at $9,750 a month, with management listed as Blok Living. Figures are reported as recorded and published. The 1906 vintage places the building under San Francisco rent control once units are occupied.

The permit file rounds out the picture: a soft story seismic retrofit completed in 2017, kitchen and bath remodels in 2019, and heating and stair work in 2023, all under prior ownership.

The lender chain is one of the cleanest institutional successions in the database: Home Savings of America in 1993, Washington Mutual four times from 2001 to 2007, and JPMorgan Chase in 2011, 2014, 2018, and now 2026, each recording larger than the last, from $750,000 to $4,325,000 across 25 years. Two banking franchises, one of them absorbed into the other, have financed this building continuously for three decades.

Within San Francisco's tracked record the loan ranks 9th of 26, in the thick of the city's spring cluster: $4,500,000 and $4,300,000 J.P. Morgan loans and a $4,270,000 Citizens Bank loan, all on small multifamily, all within weeks. For buyers working the city's small building market, this record shows the full playbook, buy below list with vacancy, renovate, reset rents, and finance above basis, with every step recorded somewhere public.