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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 Type(s):
Commercial
| Last Updated | 7/8/2025 | Year Built | 1966 |
|---|---|---|---|
| Community | 699 - Not Defined | County | San Mateo |
SCHOOLS
| Elementary School | Jefferson |
|---|---|
| Jr. High School | Other |
| High School | Other |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 699 - Not Defined |
| HEAT | Central, Wall Furnace |
| LOT | 0.9757 acre(s) |
| TAXES | 298844 |
| WATER | Public |
Location
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Listed with Compass
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