- $26M Price
- .98 Acres
- 30 DOM
265273 88th Street
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.
Essential Information
- MLS® #ML82013733
- Price$26,000,000
- Bathrooms0.00
- Acres0.98
- Year Built1966
- TypeCommercial Sale
- StatusActive
Community Information
- Address265273 88th Street
- Area699 - Not Defined
- CityDaly City
- CountySan Mateo
- Zip Code94015
Amenities
- Parking Spaces4
Interior
- HeatingCentral, Wall Furnace
- CoolingNone
Exterior
- RoofTar/Gravel
School Information
- DistrictOther
- ElementaryJefferson
- MiddleOther
- HighOther
Additional Information
- Date ListedJuly 8th, 2025
- Days on Market30
- ZoningSC(C-0)
Listing Details
- AgentNate Gustavson
- OfficeCompass
Nate Gustavson, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of August 7th, 2025 at 9:26pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.