Sold
Closed
731 Polk Street
San Francisco CA, 94109
$4,950,000
$145.77 per sqft
Sold
Closed
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 10.15% cap rate, 5.32 GRM, $85,484/unit and $156/square foot with considerable rental upside.
424003299
MLSⓇ ID
January 18, 2024
Listed
November 22, 2024
Updated
Map
731 Polk Street
San Francisco CA, 94109
Interior Features
Total Stories
0
Bedrooms
11
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
Days on Market
194
Garage
No
Parking Total
0
View
No
County
San Francisco
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/19/2024 | Sold | $4,950,000 |
8/5/2024 | Pending | — |
8/2/2024 | Active | — |
6/19/2024 | Under contract | — |
6/11/2024 | Price change | $5,300,000 -10% |
Bought with Wendy W Tam with W Real Estate and Listed by Sanford Skeie (DRE #DRE #00982336) 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 11/22/2024.
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 Adelaida Mejia 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 10:52 PM UTC, 11/22/2024