• Address:
    1538 Polk 1544 Street, San Francisco, CA, 94109
  • Neighborhood:
  • Sq. Ft.
    14,160
    Sq. Ft.
  • Info:
    Bedrooms: 0
    Parking: 0
  • Price:
    $5,950,000
    $420 / Sq. Ft.

Property 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 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.

Price Insights

Estimate $5,950,000
Price per Square Foot $420 / Sq. ft.

Home Facts

Property Type 5 or More Unit
Bedrooms 0
Bathrooms 0
Interior Area (Sq. Ft.) 14,160
Year Built 1907
Status active
Days on Market 30
MLS (active) 422710083

Property Location

  • * Listing Courtesy of: Compass Commercial
  • * Disclaimer: MLS listing information is deemed reliable but is not guaranteed by the service.
  • * Listing Agent: Brian Leung, Co-listing Agent: Jeremy Lee

Listing Details for 1538 Polk 1544 Street

HOA Information

HOA Information
  • Association: No
  • # of Units (Total): 43

Interior Features

Interior Features
  • # of Rooms: 42

Property History for 1538 Polk 1544 Street

  • No history available for this property.

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Matt Fuller

Certified International Property Specialist.

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