New

$4,500,000

For Sale

4 hours ago

34 Turk St, San Francisco, CA

Name: 34 Turk St, For Sale in San Francisco - eXp Realty
Brand: Colliers International
SKU: 426124308
Price: 4500000 USD

House

MLS® 426124308

0 Bed

0 Bath

58718 sqft

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size 58718 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1909

Avg. Price Per Sqft $76

MLS® Number 426124308

Property Address: 34 Turk St, San Francisco, CA, 94102-2824

Average square foot calculated using Size range provided by listing agent.

Description

34 Turk Street (The Dalt Hotel) presents a rare opportunity to acquire a large-scale, income-generating mixed-use asset in the heart of San Francisco's Tenderloin neighborhood. The property consists of one hundred eighty (180) units, including a diverse mix of SRO configurations supported by various housing programs, along with two (2) ground-floor commercial spaces, offering both residential stability and additional revenue streams. Originally constructed in 1909, the building features classic San Francisco architectural character and spans approximately 58, 718 square feet on a 9, 453 square foot lot. The asset includes elevator access and a variety of on-site amenities, including laundry facilities and communal spaces, all within a well-secured building. Many units offer efficient layouts designed to maximize livability, while the property's historical use as supportive housing provides consistent occupancy and income stability. The Dalt Hotel benefits from multiple layered income sources, including tenant rents, government-backed subsidies, and service-related revenue programs such as HUD Project-Based Vouchers (PBS8), VASH, and local housing initiatives. This structure enhances revenue reliability while also providing a clear opportunity for operational improvement through expense optimization and management efficiencies. Situated just steps from Market Street, Civic Center, and Union Square, the property offers immediate access to San Francisco's primary employment hubs, public transit, and neighborhood amenities. The surrounding area continues to see ongoing public and private investment, reinforcing long-term demand for centrally located, transit-oriented housing. 34 Turk Street offers investors a compelling combination of scale, strong in-place income, and significant operational upside. With current expenses elevated due to historical operations and rents supported by a variety of subsidy programs, new ownership has the opportunity to streamline operations and unlock meaningful increases in net operating income, positioning the asset for long-term value creation.

MLS® Number426124308

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1909

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 23, 2026List Date

$4,500,000List Price

Commute

Commute

Starting Address

Destination Address

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