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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

Price $13,358,985 CAD
Price Per Unit $392,911 CAD
Sale Type Investment
Cap Rate 6.12%
Gross Rent Multiplier 9.4
No. Units 34
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Lot Size 0.16 AC
Building Size 23,890 SF
No. Stories 4
Year Built 1917
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 34383424

  • Date on Market: 2025-01-06

  • Last Updated:

  • Address: 1501 Polk St, San Francisco, CA 94109

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