1501 Polk St | 1501 Polk St
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1501 Polk St 1501 Polk St
34 Unit Apartment Building $13,358,985 CAD ($392,911 CAD/Unit) 6.12% Cap Rate San Francisco, CA 94109
Investment Highlights
- Rare Offering - First time on the market in 50 years
- Strong Financials- 6.1% cap rate, proven retail tenants with rent increases
- Prime Location - Trophy corner in Nob Hill, home to Swan Oyster Depot
- Upgraded Infrastructure- Extensive electrical upgrades throughout
Executive Summary
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Net Operating Income | - | - |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
Parcel Number | 0643-004 | Improvements Assessment | $761,419 CAD (2023) |
Land Assessment | $592,661 CAD (2023) | Total Assessment | $1,366,577 CAD (2023) |
PROPERTY TAXES
Parcel Number
0643-004
Land Assessment
$592,661 CAD (2023)
Improvements Assessment
$761,419 CAD (2023)
Total Assessment
$1,366,577 CAD (2023)
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1501 Polk St | 1501 Polk St
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