1538 1544 Polk Street

San Francisco, CA 94109

– beds
– baths
14,160 sqft
4,721 sqft lot
$420 per sqft
1907 build
– on site

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.

Listing courtesy of SFMLS / Compass Commercial

Last checked: Checking… • Last updated Jan 30, 2025 •

MLS# 425007372 —

The Building

Year Built:

1907
Building Area Total:

14160
Building Area Units:

Square Feet
Building Area Source:

Assessor Auto-Fill

Room Dimensions

Living Area:

14160
Living Area Units:

Square Feet
Living Area Source:

Assessor Auto-Fill

Location

Cross Street:

Sacramento
Latitude:

37.79119499999999
Longitude:

-122.420548

The Property

Parcel Number:

0644016
Property Type:

Residential Income
Property Subtype:

Mixed Use
Lot Features:

Shape Regular
Lot Size Area:

4721.904
Lot Size Acres:

0.1084
Lot Size Square Feet:

4721.904
Lot Size Units:

Square Feet
Irrigation Water Rights:

false
Elevation Units:

Feet

Listing Agent

Contact info:

The Community

Association:

false

Parking

Garage:

false
Carport:

false
Open Parking:

false

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/30/25 Jan 30, 2025	Listed / Active	SFMLS	$5,950,000

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This multifamily located in Northeast San Francisco, San Francisco, CA 94109 is currently for sale for $5,950,000. 1538 1544 Polk Street is a 14,160 square foot multifamily with – beds and – baths that has been on Estately for 0 days. 1538 1544 Polk Street is in the Northeast San Francisco neighborhood of San Francisco. This multifamily is in the attendance area of Spring Valley Elementary School and Marina Middle School.

Listing Courtesy of: SFMLS and Compass Commercial.

Based on information from the SFMLS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. SFMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser SFMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.