265-273 88th ST, Daly City, CA 94015
- $22,375,000
- 91,970
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
Sold listing courtesy of John Antonini from COMP13
- Sold Price
- $22,375,000
- List Price
- $26,000,000
- Closing Date
- Oct 15, 2025
- MLS#
- ML82013733
- Status
- SOLD
- Sqft. of Residence
- 91,970
- Lot Size
- 42,500
- Listing Area
- 'Original' Daly City
- Year Built
- 1966
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.
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Additional Information
- Acres
- 0.98
- Age
- 59
- Cooling System
- None
- Days On Market
- Unknown
- Floor Covering
- Laminate
- Foundation
- Concrete Slab, Quake Bracing
- Garage Parking
- Assigned Spaces, Covered Parking
- Heating System
- Central Forced Air, Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 91,970
- Lot Description
- Grade - Gently Sloped, Grade - Mostly Level
- Lot Size
- 42,500
- Neighborhood
- 'Original' Daly City
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Pool Description
- Pool - Fenced, Pool - In Ground
- Roof
- Tar and Gravel
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- View
- City, View of Golf Course
- Zoning
- SC(C-0)
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