Active

731 Polk Street

San Francisco CA, 94109

$5,850,000


$172.27 per sqft

Active

11 Beds

33,958 sqft

Multi-family

Built in 1908

The Columbia Apartments, 731-749 Polk Street, is a 62-unit mixed-use building located in the Van Ness/Civic Center district of San Francisco. The property, at the corner of Polk and Ellis Streets, is a short walking distance to many Civic Center attractions such as City Hall, the Opera House, and Davies Symphony Hall. Transportation options are excellent with BART and Muni Metro stations blocks away in addition to multiple Muni bus line services. This four-story corner, 33,958 square foot building was built in 1908 and is tilt-up (pre-cast construction) per city records. The parcel number is 0739- 001 and the zoning in NC3. The steam heat is provided by a new boiler (2023) and there is an elevator. The attractive lobby area includes new mailboxes, security cameras and front gate. In addition, there are four, coin-operated washer/dryers. The unit mix consists of 31 studios, 8 one-bedrooms, 1 two-bedroom units plus 14 single room units. In addition, there are 8 retail units consisting of shops such as a bakery, barber, and grocery store. The Columbia Apartments represents an opportunity to acquire a stabilized asset at a 9.06% cap rate, 5.87 GRM, $94,355/unit and $172/square foot with considerable rental upside.

424003299

MLS ID

January 18, 2024

Listed

April 23, 2024

Updated

Map

731 Polk Street
San Francisco CA, 94109

Interior Features

Total Stories

0


Bedrooms

11 Beds


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

None

Other Property Details

Area Name

SF District 8


Garage

No


Parking Total

0


View

No


County

San Francisco


Pool

No

Listing History

Date

Event

Price

3/7/2024

Active

2/23/2024

Pending

Listed by Sanford Skeie with Marcus & Millichap

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 4/23/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wilkerson Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 3:20 PM UTC, 4/23/2024

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