1538-1544 Polk Street

San Francisco, CA 94109

$5,950,000
Price
Beds
14,160 Sq. Ft.
$420 / Sq. Ft.
14,160
Sq. Ft.
$420
per Sq. Ft.

Description

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...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.

Listing Agents

  1. Brian Leung

    Brian Leung

    Listing Agent

    Compass

    DRE #01203473

  2. Jeremy Lee

    Jeremy Lee

    Alternative Listing Agent

    Compass

    DRE #01951309

    jeremy.lee@compass.com

    P: 650.219.3989

Property Details for 1538-1544 Polk Street

Cross Street
Sacramento
Total Parking Spaces
0

Location

Listing Courtesy of Compass Commercial, Brian Leung, DRE #01203473; Compass Commercial, Jeremy Lee, DRE #01951309
Add your commute
LISTING UPDATED: 12/11/2023 12:14 PM

Property Details for 1538-1544 Polk Street

StatusActive
MLS #422710083
Days on Compass497
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1907
Lot Size0.11 AC / 4,721 SF
CountySan Francisco County

Location

Listing Courtesy of Compass Commercial, Brian Leung, DRE #01203473; Compass Commercial, Jeremy Lee, DRE #01951309
Add your commute

Virtual Tour

Building Information for 1538-1544 Polk Street

Stories-Residences43Year Built1907Building Size-Lot Size0.11 AC / 4,721 SF

Payment Calculator

$32,472 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,472

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1538-1544 Polk Street

Summary
Location and General Information
  • Area/District: SF District 8
  • Area Short Display: 8
  • Subdistrict: Nob Hill
  • Location Description: SF District 8, Nob Hill, SF District 8 Nob Hill
Taxes and HOA Information
  • APN: 0644-016
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Shape Regular
Property and Assessments
  • Picture Count: 5
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: Varies By Unit
Green Features
  • Green Verification Year: 0
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Stories: 0
Interior Features
  • Full Bathrooms: 0
  • # of Rooms: 42
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 0.0
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 3
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # Of Units Total: 43
  • # Of Units Vacant: 4
  • # Of Units Leased: 39
  • Total # Leasable: 0
  • Total # Section 8: 0
  • Other Unit(s): Store(s)
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: Retail
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $3,544.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: Retail
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Vacant
  • Unit 2 Rent: $3,150.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
  • Unit 2 Type: Store
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Description: Retail
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent: $4,472.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
  • Unit 3 Type: Store
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Description: (20) SRO - $854.50; (8) SRO with Bath - $1021; (9) SRO-TT - $1,111.56; (3) Manager Units - $-
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%

Property History for 1538-1544 Polk Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1538-1544 Polk Street

This home is within San Francisco Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Spring Valley Elementary School
PublicK to 5

Marina Middle School
Public6 to 8

Five Keys Charter (SF Sheriff'S) School
Charter9 to 12

Lowell High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1538-1544 Polk Street is a multi-family home for sale in San Francisco, CA 94109. This property was listed for sale on November 28, 2022 by Compass, it's currently listed at $5,950,000. This listing's school district is San Francisco Unified School District. Nearby schools include Spring Valley Elementary School, Marina Middle School and Five Keys Charter (SF Sheriff'S) School. 1538-1544 Polk Street is a 0-bed, 0-bath, 14,160 sqft multi-family home built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass Commercial, Brian Leung, DRE #01203473; Compass Commercial, Jeremy Lee, DRE #01951309

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.