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Multifamily

1501-1519 Polk St

1501-1519 Polk St, San Francisco, CA 94109

Listing Price: $9,300,000

Cap Rate
4.79%
Number of Units
33
GRM
9.91
Occupancy
96.0%
Price/Unit
$281,818
Price/Gross SF
$389.28
Gross SF
23,890

Investment Overview

Marcus and Millichap is proud to present 1501-1519 Polk Street for sale in San Francisco's Nob Hill neighborhood. This 34 unit, mixed-use property on the corner of the iconic California Street Cable Car Line, is available for sale for the first time in over 40 years.
Each of the 5 commercial tenants have been at this location for over 10 years which is a testament to it's stellar location. Swan Oyster Depot is a San Francisco institution and has been located here for over 110 years (since 1912).
Above the retail and restaurant tenants sits 29 apartment units that are a mix of studios and one-bedrooms. Tenants benefit from all of the amenities of the Polk Street location, as well as the multiple public transit options to all parts of San Francisco. Tenants can take an easy 15 minute Cable Car ride to Financial District, or jump on a Muni Bus and travel the newly completed Van Ness Muni Bus rapid Transit line running to the Mission District and the Marina. The best option for tenants, is most likely just walking down the street to one of the numerous bars and restaurant that service Nob Hill.

Investment Highlights

  • Home to the world famous Swan Oyster Depot since 1912
  • 6% Cap in Nob Hill on the border of Pacific Heights
  • Excellent Retail Tenant History
  • 29 Apartments have Excellent Upside in Rents

Exclusively Listed By

Multifamily

1501-1519 Polk St

Listing Price: $9,300,000

Cap Rate
4.79%
Number of Units
33
GRM
9.91
Occupancy
96.0%
Price/Unit
$281,818
Price/Gross SF
$389.28
Gross SF
23,890

Investment Highlights

  • Home to the world famous Swan Oyster Depot since 1912
  • 6% Cap in Nob Hill on the border of Pacific Heights
  • Excellent Retail Tenant History
  • 29 Apartments have Excellent Upside in Rents

Investment Overview

Marcus and Millichap is proud to present 1501-1519 Polk Street for sale in San Francisco's Nob Hill neighborhood. This 34 unit, mixed-use property on the corner of the iconic California Street Cable Car Line, is available for sale for the first time in over 40 years. Each of the 5 commercial tenants have been at this location for over 10 years which is a testament to it's stellar location. Swan Oyster Depot is a San Francisco institution and has been located here for over 110 years (since 1912). Above the retail and restaurant tenants sits 29 apartment units that are a mix of studios and one-bedrooms. Tenants benefit from all of the amenities of the Polk Street location, as well as the multiple public transit options to all parts of San Francisco. Tenants can take an easy 15 minute Cable Car ride to Financial District, or jump on a Muni Bus and travel the newly completed Van Ness Muni Bus rapid Transit line running to the Mission District and the Marina. The best option for tenants, is most likely just walking down the street to one of the numerous bars and restaurant that service Nob Hill.

Exclusively Listed By

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