265273 88th Street, Daly City, CA 94015
- 91,970 sqft
Commercial Property
Built in 1966
0.98acre lot
—— car garage
$283/sqft
Listed 1 month ago
Property Description
265-273 88th Street is a rare eighty (80) unit multifamily portfolio comprising five (5) extremely well-maintained apartment buildings situated on two parcels in the heart of the highly desirable Broadmoor Neighborhood of Daly City. - Offered at $26M, this stabilized asset features a unit mix of (6) 3-Br/2-Ba, (6) 2-Br/2-Ba, (4) 2-Br/1-Ba, (62) 1-Br/1-Ba, and (2) Studio units, totaling over 91,000± square feet of gross building area. With a favorable price-per-unit of $325,000 and a price-per-square-foot of $283, this opportunity has strong in-place cash flow (5.23% current cap rate & 11.33 current GRM) -- 265 88th St (4-units), 273 88th St (20-units), 1145 Edgeworth (18-units), 1157 Edgeworth (18-units), 374 89th St (20-units). SIGNIFICANT CAPITAL IMPROVEMENTS have been completed, including voluntary seismic upgrade, updated windows across all buildings, upgraded main electrical panels (25'), deck re-coating and rail painting (25'), updated water heaters, bird proofing, and extensive interior unit updates, with most units having been updated in the past 5-7 years. All units are individually metered for gas and electric, and twelve (12) units offer central forced-air heating.
- Listing Status:
- Active
- Date Added:
- July 8, 2025 at 05:00AM
- Listing Office:
- Compass : (415) 874-5000
- Listing Agent:
- Nate Gustavson : 415-786-9410
- MLS ID:
- ML82013733

- A/C: None
- Heating: CentralWall Furnace
This listing courtesy of Nate Gustavson, Compass
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Westmoor High School
131 Westmoor Ave, Daly City, CA, 94015
Grades 9-12
0.32 miles away