1538-1544 Polk St

1538-1544 Polk St, San Francisco, CA 94109

  • For Sale $5,950,000
  • Property Type Multi-Family
  • Property Size 14,160 SF
  • Units 43
  • Lot Size 0.11 Acre
  • Year Built 1907
  • Date Updated Jan 31, 2024
Best known for its luxury hotels, like the Fairmont Hotel and the Intercontinental, and for its historic mansions, Nob Hill is the pinnacle of elegance and class in Downtown San Francisco. The neighborhood is conveniently located within a short walk of several other significant submarkets, including the North Financial District to the east, Pacific Heights/Polk Gulch/Van Ness to the west, and Russian Hill to the North. Nob Hill has a rich variety of amenities to choose from - the athletically inclined can enjoy a game of indoor basketball at the Betty Ong Rec Center, park-goers can unwind next to the elaborate fountain at Huntington Park, and foodies can dine at hometown favorites like Swan’s Oyster Depot or critically rated restaurants like Acquerello. Regardless of preference, there is something for everyone at the prestigious Nob Hill.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 (324%).

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Highlights

  • Located in the Lower Nob Hill/Polk Gulch Neighborhoods. Highly Trafficked Commercial Corridor
  • 43 Units in Total - 40 Hotel Units and 3 Retail Units. Hotel Units Master Leased to “Shirley Hotels”, 9 of Which are Licensed Tourist Units
  • Significant (324%) Potential Upside

Contacts

broker

Brian Leung

LL CRE

(415) 278-7838

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise

  • Transit Score ®

    86/100 Excellent Transit

  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City San Francisco, CA
  • Neighborhood Nob Hill
  • Zip Code 94109
  • Market San Francisco

Points of Interest

  • Sacramento Street & Polk Street

    0.04 miles

  • California Street & Polk Street

    0.04 miles

  • Sacramento Street & Larkin Street

    0.06 miles

  • California Street & Larkin Street

    0.08 miles

  • Clay Street & Polk Street

    0.09 miles

  • California Street & Van Ness Avenue

    0.09 miles

  • Sacramento Street & Van Ness Avenue

    0.10 miles

  • Clay Street & Larkin Street

    0.11 miles

  • Taxi Stand at Holiday Inn Golden Gateway

    0.13 miles

  • Clay Street & Van Ness Avenue

    0.15 miles

  • Chevron

    0.16 miles

  • Shell

    0.65 miles

  • Electrify America

    0.78 miles

  • Chevron

    0.85 miles

  • Shell

    0.85 miles

  • Chevron

    0.87 miles

  • Shell

    0.89 miles

  • 76

    1.05 miles

  • Bell Resources

    1.18 miles

  • Shell

    1.22 miles

  • USA Parking

    0.18 miles

  • Sutter Place Garage

    0.29 miles

  • BevMo Parking

    0.32 miles

  • State Garage

    0.34 miles

  • Butterick Garage

    0.37 miles

  • Crocker Garage

    0.50 miles

  • California Parking

    0.52 miles

  • Brocklebank Garage

    0.58 miles

  • EZ Public Parking

    0.59 miles

  • City Park

    0.59 miles

  • Palo Alto Hotel

    0.02 miles

  • The Stanley Hotel

    0.04 miles

  • Cable Car Court Hotel

    0.10 miles

  • Holiday Inn San Francisco Golden Gateway

    0.11 miles

  • Cable Car Hotel

    0.18 miles

  • Music City

    0.19 miles

  • Calista Organic Hotel

    0.20 miles

  • Hotel Carlton

    0.28 miles

  • Nob Hill Motor Inn

    0.29 miles

  • Mithila Hotel

    0.29 miles

  • Swan Oyster Depot

    0.03 miles

  • Nara Sushi

    0.03 miles

  • Cordon Bleu

    0.03 miles

  • Ti Piacera

    0.03 miles

  • Ella's American Kitchen

    0.04 miles

  • Toast eatery

    0.04 miles

  • Dunya

    0.05 miles

  • La Mama Pizza and Kitchen

    0.05 miles

  • Crustacean

    0.06 miles

  • Pancho's

    0.07 miles

  • Redding Elementary School

    0.14 miles

  • Spring Valley Elementary School

    0.20 miles

  • Gough School

    0.29 miles

  • Saint Brigid School

    0.36 miles

  • Cathedral School for Boys

    0.39 miles

  • Stuart Hall High School

    0.42 miles

  • Binet Montessori School

    0.43 miles

  • City College of San Francisco Alemany Campus

    0.55 miles

  • Sherman Elementary School

    0.55 miles

  • Academy of Art University - School of Fashion

    0.61 miles

  • Nihonmachi Little Friends

    0.63 miles

  • Telegraph Hill Cooperative Nursery School

    0.64 miles

  • Golden Gate Kindergarten

    0.71 miles

  • Mission Montessori

    1.01 miles

  • L'Academy

    1.19 miles

  • Infant & Toddler Center

    1.55 miles

  • facessf

    1.97 miles

  • Balboa Preschool

    2.60 miles

  • Sunshine Preschool

    2.87 miles

  • Noe Valley Nursery School

    3.44 miles

Frequently Asked Questions

What is the lease rate for 1538-1544 Polk St?

Rental asking rate at 1538-1544 Polk St is $2,975,000.00/YR.

What is the total square footage of 1538-1544 Polk St?

1538-1544 Polk St totals 14,160 square feet.

When was this property built?

1538-1544 Polk St was built in 1907.

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Contact Listing Broker

broker

Brian Leung

LL CRE

(415) 278-7838