CA
San Mateo
DALY CITY
94015
265-273 88th Street
265-273 88th Street, DALY CITY, CA 94015
Share Listing
Listing Type
Multi Family
Listing Status
active
63
$26,000,000

Home Details for 265-273 88th Street

Price
$26,000,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
91970
Year built
1966
Lot size acres
0.9757
County
San Mateo
Garage
Days on site
65
MLS Listing#
ML82013733
Listed By: Compass - 415-874-5000
Presented by: Nate Gustavson
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.

Property Features
  • Heating Information
    • Central
    • Forced Air
    • Wall Furnace
  • Parking
    • Assigned
    • Covered
  • Cooling Information
    • None
  • Water Features
    • Public
  • Utilities
    • Cable Available
School Information
School Information for 265-273 88th Street, DALY CITY, CA 94015
Elementary School
Jefferson Elementary
Middle School
Benjamin Franklin Intermediate
High School
Jefferson High
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-08-07 01:45:29
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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