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$3,280,000
Est. payment /mo
5,501 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82062076
HOA Y/N No
Year Built 1952
Annual Tax Amount $38,380
Lot Size 5,501 Sqft
Property Description
725-731 Hillside Boulevard is a well-located 8-unit apartment community situated on two (2) parcels in Daly City, structured as two fourplexes operating together as one property. Offered at $3,280,000, the property consists of 8-units across approximately 7,560 square feet of building area on a 5,500-square-foot lot. The unit mix includes eight (8) 1-bedroom/1-bath units. -- The property offers a fully separately metered utility structure, with each unit individually metered for electric (PG&E) and water, so tenants pay their own water directly with no landlord expense. All electrical main and subpanel equipment (Siemens) was replaced with permits in all units in 2025, and the roof was replaced with a modified bitumen flat roof in 2017. Private garage parking is provided for all eight units, and each parcel's 4-unit structure independently qualifies for residential financing. -- Built in 1952, the property generates approximately $226,980 in current scheduled gross annual income, with net operating income of approximately $159,910, a 4.88% cap rate and 14.45 GRM on current rents.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Multifamily
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Flat
Schools
School District Other
Others
Tax ID 003438430 & 003438440
Special Listing Condition Standard
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Listed by Nate Gustavson Compass #01898316
Nearby School & Business
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