Homes for sale - 265-273 88th Street, Daly City, CA 94015

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Sep

Sun

Sep

Mon

Sep

Danielle Broad

smiles4dee@gmail.com +1(925) 383-9200

$26,000,000

Est. payment - /mo

91,970 SqFt

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 91,970 sqft

Price per Sqft $282

MLS Listing ID ML82013733

HOA Y/N No

Year Built 1966

Lot Size 0.976 Acres

Acres 0.98

Property Sub-Type Other

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.

Location

State CA

County San Mateo

Zoning SC(C

Interior

Heating Forced Air, Wall Furnace

Cooling None

Flooring Laminate

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Coin Operated

Exterior

View Y/N true

View City Lights, Golf Course

Handicap Access Other

Building

New Construction No

Others

Tax ID 006197120

Read Less Info

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Nate Gustavson • Compass

+1(925) 383-9200

smiles4dee@gmail.com

265-273 88th Street Daly City, CA 94015