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[post_date] => 2018-11-02 19:54:40
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[post_content] => The Comstock. Jones St. Drop-dead downtown views. Polk Street. When elegant begins to get a bit denser and estates become co-ops and full-floor penthouse homes, you'll know you've crossed Van Ness and arrived in Nob Hill.
[post_title] => Nob Hill
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[post_modified] => 2022-12-05 03:21:41
[post_modified_gmt] => 2022-12-05 11:21:41
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ffd_listing_title, 1538 Polk 1544 Street, San Francisco, CA, 94109
ffd_mls_id, 422710083
ffd_salesforce_id, a0E8W00000a4UUNUA2
num_of_rooms__c, 42
of_units__c, 43
address2__c, 1538 Polk 1544 Street, San Francisco, CA, 94109
pba__address_pb__c, 1538 Polk 1544 Street, San Francisco, CA, 94109
agent_only_remarks__c, Please go to the top right of the page and click Attached Docs to download the Offering Memorandum.
pba__fullbathrooms_pb__c, 0
pba__bedrooms_pb__c, 0
year_build_text__c, 1907
pba__city_pb__c, San Francisco
listing_co_agent_name__c, Jeremy Lee
pba__contingentdate__c, 1800-01-01
ffd_createddate, 2022-12-01T01:48:21.000+0000
days_on_market__c, 30
dom__c, 3
ffd_description_pb, 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.
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.
