1501 Polk St - Apartments FOR SALE


San Francisco, CA 94109
$9,300,000 USD
415-625-2157
1501 Polk St, San Francisco, CA for Sale
$9,300,000 USD
Apartments - FOR SALE
1/15
null | 6.12% Cap Rate

1501 Polk St
San Francisco, CA 94109


HIGHLIGHTS

  • Rare Offering - First time on the market in 50 years
  • Prime Location - Trophy corner in Nob Hill, home to Swan Oyster Depot
  • Strong Financials- 6.1% cap rate, proven retail tenants with rent increases
  • Upgraded Infrastructure- Extensive electrical upgrades throughout

OVERVIEW

Marcus & Millichap presents a rare opportunity to acquire 1501-1519 Polk Street, a landmark mixed-use property nestled in San Francisco's prestigious Nob Hill neighborhood. Gracing the iconic California Street Cable Car line, this 34-unit building, offered for the first time in over four decades, seamlessly blends historical character with modern convenience. Anchored by the legendary Swan Oyster Depot, a culinary institution since 1912, the property enjoys unparalleled visibility and a vibrant tenant mix. Above the bustling retail spaces, 29 residential units - a mix of studios and one-bedrooms - cater to the city's discerning residents. With recent capital improvements, including a new roof (2018) and upcoming electrical upgrades, this legacy property offers both immediate stability and significant long-term value appreciation potential. Probate sale may be subject to court confirmation. Must include probate addendum.

FOR SALE DETAILS

PRICE

$9,300,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

34

PRICE/UNIT

$273,529

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1501 Polk St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

0643-004

ASK ABOUT THIS PROPERTY

Clinton TextorMarcus & MillichapMore Info
415-625-2157

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Clinton TextorMarcus & MillichapMore Info
415-625-2157

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.