$26,000,000
0.98 Acre Lot

265273 88th Street, Daly City, California 94015

  • Commercial Sale Property Type
  • 1966 Year Built
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.

Basic Details
Commercial Sale
For Sale
ML82013733
$26,000,000
1966
0.98 Acre
Active
: Tar/Gravel
Features
: Central, Wall Furnace
: None
$0
Address Map
CA
San Mateo
Daly City
94015
88th
265273
Street
The property is five (5) buildings spanning from 265-273 88th Street, down to the corner of Edgeworth, all the way down Edgeworth and to 375 89th Street. Cross Street: Edgeworth Street
699 - Not Defined
SC(C-0)
Neighborhood
Jefferson
Other
Other
Other
Additional Information
$0
$0
$0
$0
$0
91970
2025-07-08
: Public
Broker/Agent Information
Compass
Nate Gustavson
Financial
298844.0
Listing Information
Cameron Foster
ML5084075
ML5009331
Compass
ML5077268
ML5009331
Active
2025-07-08T23:18:55Z
CRMLS
: Standard
2025-07-08T03:10:05Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069