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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.
| LAST UPDATED | 7/8/2025 | YEAR BUILT | 1966 |
|---|---|---|---|
| COUNTY | San Mateo | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Jefferson Elementary |
|---|---|
| Jr. High School | Benjamin Franklin Intermediate |
| High School | Jefferson High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Electric Range, Oven, Range, Refrigerator |
| CONSTRUCTION | Frame |
| HEAT | Central, Forced Air, Wall Furnace |
| LOT | 0.9757 acre(s) |
| LOT DESCRIPTION | Gentle Sloping |
| LOT DIMENSIONS | 42500.00 |
| PARKING | Assigned, Covered |
| POOL DESCRIPTION | Fenced, In Ground |
| SEWER | Public Sewer |
| TAXES | 298844 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Golf Course |
| WATER | Public |
| ZONING | SC(C-0) |
TOTAL MONTHLY PAYMENT
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 7/9/25 6:33 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This IDX solution is (c) Diverse Solutions 2025.
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