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Listed by Nate Gustavson • Compass • 415-874-5000
$3,280,000
Est. payment /mo
7,560 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,560 sqft
Price per Sqft $433
MLS Listing ID ML82062076
HOA Y/N No
Year Built 1952
Lot Size 5,500 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
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