Property Details
About this Property
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.
MLS Listing Information
MLS #
SF422710083
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
724
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Brian Leung
Compass Commercial
License #: 01203473
Phone: (415) 278-7838
Co-Listing Agent
Jeremy Lee
License #: 01951309
Phone: (415) 988-9719
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 43 | 39 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 0 | 0/0 | $3,544 | – | – |
| 2 | 0 | 0 | 0/0 | $3,150 | – | – |
| 3 | – | 0 | 0/0 | – | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1538 Polk St is a Residential Income in San Francisco, CA 94109. This 14,160 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,950,000 and was built in 1907. This address can also be written as 1538 Polk St, San Francisco, CA 94109.
©2024 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of October 25, 2024. For the most current information, please contact Brian Leung, (415) 278-7838
