299 Rhine St - Apartments FOR SALE


Daly City, CA 94014- Hillside
$1,400,000 USD
925-488-3362
299 Rhine St, Daly City, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/17
null | 4.4% Cap Rate

299 Rhine St
Daly City, CA 94014
Hillside


HIGHLIGHTS

  • Fully Renovated – Three extensively updated one-bedroom units with modern finishes, minimizing near-term capital expenditures and reducing management.
  • Includes a standard (1) 1 Bed 1 Bath, a (1) 1 Bed 1 Bath w/ private garage, and an oversized (1) 1 Bed 1 Bath w/a bonus room.
  • Premium Hilltop Setting with Views – Elevated position offering sweeping neighborhood and city views, creating a differentiated tenant experience.
  • Tenant-Friendly Amenities – On-site laundry and a shared private rear yard—highly desirable features that enhance livability and tenant retention.

OVERVIEW

299 Rhine Street in Daly City presents a well-maintained and thoughtfully upgraded triplex situated atop a hill with sweeping neighborhood and city views. Daly City is recognized as a stable and consistently strong rental market, benefiting from its proximity to San Francisco, and steady tenant demand driven by regional employment centers such as Oyster Point, a hub for world-renowned biotech companies. The property consists of three fully renovated one-bedroom units, offering an attractive and efficient unit mix for investors and tenants alike. The building includes one standard one-bedroom unit, one one-bedroom unit with a private garage, and one oversized one-bedroom unit featuring a substantial bonus room ideal for a home office, guest space, or additional living area. All three units have been tastefully updated, enhancing tenant appeal while minimizing near-term capital improvement needs. Residents benefit from an on-site laundry room and a private rear yard that can be shared among tenants—an increasingly desirable amenity that enhances livability and fosters a sense of community. The property’s elevated position not only provides excellent views but also creates a sense of privacy while remaining conveniently close to everyday essentials. The location offers immediate access to shopping, dining, and retail services at Serramonte Center, as well as convenient connectivity to major transportation corridors and nearby BART stations. 299 Rhine Street is within minutes of San Francisco State University, making it attractive to students and faculty, and just a short drive from the scenic Pacific coastline at Thornton State Beach, a popular local recreation destination. Commuters enjoy straightforward access to downtown San Francisco and the broader Peninsula employment centers. The property is also conveniently located near major freeways including Interstate 280 and U.S. Route 101, providing efficient regional connectivity throughout the Bay Area. Outdoor enthusiasts benefit from proximity to San Bruno Mountain State & County Park, which offers extensive hiking trails and panoramic Bay Area views. Combining renovated interiors, desirable amenities, and a prime hilltop setting near major conveniences and employment hubs, 299 Rhine Street represents a compelling multifamily investment opportunity in a strong and established rental market.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$622 USD /SF

# OF UNITS

3

PRICE/UNIT

$466,667

CAP RATE

4.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R1-3, Daly City

APN/PARCEL ID

004-011-400

ASK ABOUT THIS PROPERTY

Tyler CharronCompass CommercialMore Info
925-488-3362

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Tyler CharronCompass CommercialMore Info
925-488-3362

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