Home | San Francisco County | San Francisco | 94109 | 1538 Polk St
MLS: SF426124320 | Status: | Price: $4,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 14,160 | 4,720 | 1907 |
1538-1544 Polk Street is a mixed-use (hotel + retail) property in the Nob Hill/Polk Gulch neighborhood of San Francisco. The three-story property features three (3) retail units on the ground floor and a 40-unit SRO/hotel above that is master leased to an operator, Shirley Hotels. Of the 40 rooms, 21 are SRO units, 7 are SRO with partial baths, 9 are tourist/transient and 3 are for manager use. The SRO units without bathrooms share 3 common area bathrooms. Two of three retail units are occupied by a tuxedo retailer and a foot massage service. The 40 room hotel is currently month-month. A savvy investor may renegotiate the lease or operate the hotel to significantly increase cash flow. The property is in a central location of the Polk Street commercial corridor in Nob Hill. The street is famous for its historic architecture, Michelin-rated cuisine, and abundant retail amenities. It is an exceptional location for this type of property due to its walkability and easy access to public transit. The investment appeal of this property is its location in San Francisco's most desirable neighborhood and its significant upside potential. Proforma CAP 5% based on vacant units rented at market rents.
| Field | Value |
|---|---|
| MLS # | SF426124320 |
| MLS Source | San Francisco Association of Realtors® MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
| Listing Agent | Co-Listing Agent |
|---|---|
| Brian Leung | Jeremy Lee |
| Compass Commercial | |
| License #: 01203473 | License #: 01951309 |
| Phone: (415) 278-7838 | Phone: (415) 988-9719 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 43 | 40 | 43 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 0 | 0/0 | $3,544 | – | – |
| 2 | 0 | 0 | 0/0 | $4,134 | – | – |
| 3 | – | 0 | 0/0 | – | – | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 149 Buchanan St | $3,695,000 | – | – | 5,427 | PendingDoNotShow |
| 89 Heather Ave | $3,995,000 | – | – | 9,678 | |
| 482 Belvedere St | $3,990,000 | – | – | 3,085 | PendingDoNotShow |
| 34 Turk St | $4,500,000 | – | – | 58,718 |
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This listing information is up-to-date as of April 23, 2026. For the most current information, please contact Brian Leung, (415) 278-7838.