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265273 88th Street, Daly City, CA 94015
Priced at Only: $26,000,000
For more Information Call Mobile: 714.478.6676
Address: 265273 88th Street, Daly City, CA 94015
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  • MLS#: ML82013733 ( )
  • Street Address: 265273 88th Street
  • Viewed: 5
  • Price: $26,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1966
  • Bldg sqft: 0
  • Days On Market: 70
  • Additional Information
  • County: SAN MATEO
  • City: Daly City
  • Zipcode: 94015
  • Provided by: Compass
  • Contact: Nate Nate
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Building Area Total
  1. 91970.00
Carport Spaces
  1. 76.00
Cooling
  1. None
Heating
  1. Central
  2. Wall Furnace
Insurance Expense
  1. 129000.00
Otherexpense
  1. 122098.00
Parcel Number
  1. 006197120
Roof
  1. Tar/Gravel
Totalexpenses
  1. 868008.00
Trash Expense
  1. 63988.00
Water Source
  1. Public
Year Built
  1. 1966
Year Built Source
  1. Assessor
Zoning
  1. SC(C-0)
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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