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Listed by Nate Gustavson • Compass, DRE#01898316
$ 1,640,000
Est. payment /mo
New
731 Hillside BLVD Daly City, CA 94014
4 Beds
4 Baths
3,780 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $433
MLS Listing ID ML82062874
Bedrooms 4
Full Baths 4
Year Built 1952
Lot Size 2,500 Sqft
Property Sub-Type Fourplex
Property Description
731 Hillside Boulevard is a well-located 4-unit apartment building in Daly City, to be purchased together with the neighboring identical fourplex at 725 Hillside Blvd. currently operated as one property. Each of the two separate fourplexes independently qualifies for advantageous residential financing, 75% LTV per chase quote. Together, the properties comprise 8 units across approximately 7,560 square feet of building area on a 5,500-square-foot lot. The unit mix consists of eight 1-bedroom/1-bath units. The property has a fully separately metered utility structure, with each unit individually metered for electricity (PG&E) and water, so tenants pay their own utilities directly and the landlord has no 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. 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 a 14.45 GRM on current rents.
Location
State CA
County San Mateo
Area 'Original' Daly City
Zoning Multifamily
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Attached Garage
Garage Spaces 4.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Story 3
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Level or Stories 3
Others
Tax ID 003-438-430
Security Features Other
Horse Property No
Special Listing Condition Not Applicable
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