1544 Polk Street

San Francisco, CA 94109 View Map $5,950,000 Schedule a Tour
Sq.Ft.14,160
Year1907

Readdress

(415) 275-0229

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Status: Active
Property Type:5 Or More Units
MLS #:422710083
Sq. Feet:14,160
On Site:450 Days
Lot Size:4,720 Sq. Ft.
County:San Francisco
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.

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Community Information

Address:1544 Polk Street, San Francisco, CA 94109
District:SF District 8
Subdivision:Nob Hill
Zip Code:94109
Neighborhood:8

Architecture

Year Built:1907
Subtype Description: Mixed Use

Features / Amenities

Total Rooms:42

Property Features

Lot Size: 0.11 Acres / 4,720 Sq. Ft.
Lot Dimensions:0.1084
Lot Features: Shape Regular

Tax and Financial Info

Buyer Agency Compensation: 2.5%

Schools

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1544 Polk Street San Francisco,  CA 94109
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1544 Polk Street San Francisco, CA 94109
 
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Listing Information Last Updated 2/22/2024
Listing provided courtesy of Compass Commercial.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.