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
  • Additional Rent Contact for pricing
  • Year Built 1907
  • Date Updated Dec 10, 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

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

  • California Street & Van Ness Avenue

    0.09 miles

  • Taxi Stand at Holiday Inn Golden Gateway

    0.13 miles

  • Hyde Street & Jackson Street

    0.26 miles

  • Washington Street & Leavenworth Street

    0.30 miles

  • Jackson Street & Leavenworth Street

    0.34 miles

  • Sacramento Street & Octavia Street

    0.37 miles

  • Washington Street & Jones Street

    0.38 miles

  • Jackson Street & Jones Street

    0.41 miles

  • Hyde Street & Vallejo Street

    0.44 miles

  • Washington Street & Taylor Street

    0.46 miles

  • Standard

    0.16 miles

  • Tesla Destination Charger

    0.60 miles

  • Shell

    0.65 miles

  • EVgo

    0.73 miles

  • Electrify America

    0.78 miles

  • Chevron

    0.85 miles

  • Rivian Waypoints

    1.03 miles

  • 76

    1.05 miles

  • Fuel 24:7

    1.41 miles

  • San Francisco, CA - Geary Boulevard Supercharger

    1.58 miles

  • SP+

    0.16 miles

  • USA Parking

    0.18 miles

  • Sutter Place Garage

    0.29 miles

  • BevMo Parking

    0.32 miles

  • State Garage

    0.35 miles

  • Butterick Garage

    0.37 miles

  • Crocker Garage

    0.50 miles

  • California Parking

    0.52 miles

  • Employee parking

    0.53 miles

  • Post Taylor Garage

    0.57 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

  • Nob Hill Hotel

    0.26 miles

  • Hotel Carlton

    0.28 miles

  • Nob Hill Motor Inn

    0.29 miles

  • Swan Oyster Depot

    0.03 miles

  • Nara Sushi

    0.03 miles

  • Cordon Bleu

    0.03 miles

  • Ti Piacera

    0.03 miles

  • Hoi.An

    0.04 miles

  • Toast eatery

    0.04 miles

  • The Village

    0.04 miles

  • Dunya

    0.05 miles

  • Nob Hill Pizza & Shawarma

    0.05 miles

  • Crustacean

    0.06 miles

  • Redding Elementary School

    0.14 miles

  • Academy of Art University

    0.19 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

  • Sherman Elementary School

    0.55 miles

  • City College of San Francisco Alemany Campus

    0.55 miles

  • Nihonmachi Little Friends

    0.63 miles

  • Telegraph Hill Cooperative Nursery School

    0.64 miles

  • Chinatown Community Children's Center

    0.65 miles

  • Compass Children's Center

    0.71 miles

  • Golden Gate Kindergarten

    0.71 miles

  • Mission Montessori

    1.01 miles

  • Yerba Buena Gardens Child Development Center

    1.21 miles

  • Bright Horizons

    1.31 miles

  • L’Academy

    1.32 miles

  • Faces SF Hayes Valley Child Development Center Infant and Toddlers

    1.33 miles

Frequently Asked Questions

How much does 1538-1544 Polk St cost?

The space currently listed for sale at 1538-1544 Polk St asks for $5,950,000.

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