CA > San Francisco
San Francisco, CA 94109,1538-1544 Polk ST
San Francisco, CA 94109,1538-1544 Polk ST
San Francisco, CA 94109,1538-1544 Polk ST
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John Herkenrath

John Herkenrath

+1(310) 221-2910
Listed by Brian Leung Compass Commercial
$5,950,000
Est. payment /mo
14,160 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 14,160 sqft

Price per Sqft $420

MLS Listing ID 425007372

HOA Y/N No

Year Built 1907

Lot Size 4,721 Sqft

Acres 0.1084

Property Sub-Type Mixed Use

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.

Location

State CA

County San Francisco

Area Sf District 8

Interior

Fireplace No

Building

Lot Description Shape Regular

New Construction No

Others

Tax ID 0644016

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San Francisco MLS - SFAR
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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