Log In/Sign Up
Your email has been sent.
1538 Polk St 43 Unit Apartment Building $6,163,695 CAD ($143,342 CAD/Unit) 6.08% Cap Rate San Francisco, CA 94109
Investment Highlights
- Significant (214%) Potential Upside
- 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
Executive Summary
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 (214%).
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 (214%).
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,163,695 CAD | Property Subtype | Apartment |
| Price Per Unit | $143,342 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.08% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 7.91 | Building Size | 14,160 SF |
| No. Units | 43 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1907 |
| Zoning | NCD - https://codelibrary.amlegal.com/codes/san_francisco/latest/sf_planning/0-0-0-25662 | ||
| Price | $6,163,695 CAD |
| Price Per Unit | $143,342 CAD |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| Gross Rent Multiplier | 7.91 |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 14,160 SF |
| No. Stories | 3 |
| Year Built | 1907 |
| Zoning | NCD - https://codelibrary.amlegal.com/codes/san_francisco/latest/sf_planning/0-0-0-25662 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| Studios | 40 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0644-016 | Total Assessment | $3,540,614 CAD (2025) |
| Land Assessment | $1,850,543 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,690,071 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0644-016
Land Assessment
$1,850,543 CAD (2025)
Improvements Assessment
$1,690,071 CAD (2025)
Total Assessment
$3,540,614 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1538 Polk St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.