2726-28 Polk St | Russian Hill
Sold Price: $1,710,000
Property Type: 2 Unit Building
Property Stats: 3 Car Parking // 2,250 Square Feet
San Francisco Neighborhood: Russian Hill
Property Details: Incredible opportunity to own two vacant flats in a tremendous Russian Hill Location, walking distance to Ghiradelli Square, Fisherman’s Wharf, Polk and Van Ness Street Corridors. Both units have two bedrooms, formal dining rooms, corner fireplaces and hardwood floors. Large 3-car garage with additional storage can be accessed from the interior through a large tunnel entrance or back stairs. There is also a wonderful level garden that can be accessed by both units from the rear stairs or via the garage. A rare opportunity to own 2-home like flats in one of San Francisco’s most desirable residential areas.
Client Story: A vacant 2 unit building on the border of Russian Hill and the Marina. Our Dolphin Club client loved the location, allowing him to walk to the club so he could swim in the bay every morning.
Red Bridge Group arranged for our client to purchase this two unit building before selling his other property.
Here is how we did it:
- Structured a Reverse 1031 exchange with First American Exchange- Paolo Sanchez.
- Introduced him to First Republic Kimberly Hutchinson for special portfolio financing.
- Presented the offer to the listing agent with my client. This allowed for us to change our offer on the spot as we negotiated to beat out the other 6 offers.
- Having your client present with the offer presentation shows you mean business when the other 5 agents emailed offers in – and we beat out a higher offer because the agent did not want to risk working with a agent who he did not know or meet.