273 88th St - Apartments FOR SALE


Daly City, CA 94015- St Francis
$26,000,000 USD
415-786-9410
273 88th St, Daly City, CA for Sale
$26,000,000 USD
Apartments - FOR SALE
1/68
null | 5.23% Cap Rate

273 88th St
Daly City, CA 94015
St Francis


HIGHLIGHTS

  • Main Electrical Panel Upgrade (2025)
  • Deck Recoating & Railing Repairs/Painting (2025)
  • Voluntary Seismic Upgrades Completed
  • Windows (Dual-pane) Updated (All five buildings)
  • Majority of Units Have Interior Updates | Incredibly Well-Maintained Property
  • Apartment Electrical: Breakers | Eaton Brand

OVERVIEW

OPEN HOUSES - 1st Open | Wednesday 7/16/25 from 11am-1pm --- 2nd Open | Monday 7/21/25 - PLEASE EMAIL TO CONFIRM ATTENDANCE - Nate@GustavsonGroup.com ***FULL DUE DILIGENCE PACKAGE AVAILABLE BY EMAIL REQUEST*** 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 $26,000,000, this stabilized asset features a desirable unit mix of (6) 3-Bed/2-Bath, (6) 2-Bed/2-Bath, (4) 2-Bed/1-Bath, (62) 1-Bed/1-Bath, 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 presents strong in-place cash flow (5.23% current cap rate & 11.33 GRM) with additional upside. Extending along 88th Street to Edgeworth Street, and then back around to 89th Street, this enormous apartment community spans over an entire city block in historic Daly City, California. — 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 upgrades, updated windows across all five buildings, upgraded main electrical panels (2025), deck re-coating and rail painting (2025), updated water heaters, bird proofing, and extensive interior unit updates, with most units having been updated in the past 5-7 years. Amenities include five (5) laundry rooms with eighteen (18) “Pay Range” mobile-pay machines, a sparkling fenced-in pool, secure tenant storage, and eighty (80) off-street assigned parking spaces. All units are individually metered for gas and electric, and twelve (12) units offer central forced-air heating.

FOR SALE DETAILS

PRICE

$26,000,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

80

PRICE/UNIT

$325,000

CAP RATE

5.23%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Daly City Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1966

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

SC(C-O)

APN/PARCEL ID

006-197-030,006-197-120

ASK ABOUT THIS PROPERTY

Nate GustavsonCompass CommercialMore Info
415-786-9410

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Nate GustavsonCompass CommercialMore Info
415-786-9410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.