$5,725,000
SOLD OCT 4, 2024

2960 Polk St San Francisco, CA 94109

Russian Hill Neighborhood
24 Beds
-- Bath
9,300 Sq Ft
4,386 Sq Ft Lot

Recently Sold

$616 Per Sq Ft

1% Below List Price

21 Days on Market

Highlights

  • 10 Car Garage
  • 3-minute walk to Hyde And Bay
  • 3-minute walk to Francisco Park
  • Yick Wo Elementary School Rated A
  • Heating System Uses Steam

About This Home

As of October 2024

2960 Polk Street represents a rare buying opportunity in the highly desirable Russian Hill. This property consists of 12 condominiums with separate APN numbers for each unit. These spacious four-room units are used as Two-Bedrooms. Many of the condos have been remodeled in the recent past, and some have Bay and GG Bridge views. There are 10 garage spaces. Each condo is separately metered for gas and electricity. The soft-story retrofit was completed in 2017. In 2024 a new fire alarm panel and sleep alarms were installed, bringing the property into compliance with the new ordinance. The property has an elevator, however, it was decommissioned in 2023 and is not currently in service. Currently operating as an apartment building, the property produces a gross annual income of $489,952. Professionally managed and well maintained by the same family for over 40 years. Do not miss this excellent and rare investment opportunity!

Last Agent to Sell the Property

Adam Filly

Compass Commercial License #01354775

Compass Commercial

Co-Listed By

Amy Levins

Compass License #01721826

Last Buyer's Agent

Adam Filly

Compass Commercial License #01354775

Compass Commercial

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1925

Parking

  • 10 Car Garage

Home Design

  • 9,300 Sq Ft Home
  • Concrete Perimeter Foundation

Utilities

  • Heating System Uses Steam
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 0476-013

Community Details

Overview

  • 12 Units

Building Details

  • 11 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Condominium

Year Built

Built in 1925

Lot Details

0

Parking

10

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Condominiums
  • Architectural Style: Marina
  • Year Built: 1925
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 48
  • Price Per Square Foot: 615.59
  • Square Footage: 9300.00

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 10.00
  • Parking Features: Covered, Garage
  • Total Parking Spaces: 10.00
  • Covered Parking Spaces: 10.00
  • Independent Parking Spaces: 10

Utilities

  • Heating: Steam

Fee Information

  • Utilities Expenses: 32656

Lot Info

  • Assessor Parcel Number: 0476-013
  • Lot Features: None
  • Lot Size Acres: 0.1007
  • Lot Size Sq Ft: 4388.00
  • Lot Size Units: SqFt
  • Price Per Acre: 56852035.75

Building Info

  • Number of Units Total: 12

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 11.68
  • Number Of2 Bedrooms Occupied: 11
  • Number of 2 Bedroom Units: 12
  • Number Of Units Leased: 11
  • Separate Meters: Electricity, Gas

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold $5,725,000 -1.3% $616 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $5,800,000 -- $624 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424037905

San Francisco Association of REALTORS® MLS

California San Francisco County San Francisco 94109 Russian Hill

2960 Polk St, San Francisco, CA

Homes for Sale in San Francisco, CA

This home is located at 2960 Polk St, San Francisco, CA 94109 and is currently priced at $5,725,000, approximately $615 per square foot. This property was built in 1925. 2960 Polk St is a home located in San Francisco County with nearby schools including Yick Wo Elementary School, Francisco Middle School, and Saint Brigid Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.