Property Details
About this Property
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 10.15% cap rate, 5.32 GRM, $85,484/unit and $156/square foot with considerable rental upside.
MLS Listing Information
MLS #
SF424003299
MLS Source
San Francisco Association of Realtors® MLS
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Sanford Skeie
Marcus & Millichap
License #: 00982336
Phone: (415) 625-2153
Co-Listing Agent
Gino Franco
License #: 02027839
Phone: (415) 625-2167
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 62 | 60 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
731 Polk St is a Residential Income in San Francisco, CA 94109. This 33,958 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1908. This address can also be written as 731 Polk St, San Francisco, CA 94109.
©2024 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of August 19, 2024. For the most current information, please contact Sanford Skeie, (415) 625-2153
