The Oak Court Apartments
309-315 Oak, Redwood City, CA 94061
Sq. Feet 19,190
$6,000,000
The Gustavson Group of Compass Commercial is pleased to announce the exclusive listing of 725-731 Hillside Boulevard in Daly City, a well-located 8-unit apartment community situated on two (2) parcels, structured as two fourplexes operating together as one property.
Offered at $3,280,000, the property consists of 8-units across approximately 7,560 square feet of building area on a 5,500-square-foot lot. The unit mix includes eight (8) 1-bedroom/1-bath units. -- The property offers a fully separately metered utility structure, with each unit individually metered for electric (PG&E) and water, so tenants pay their own water directly with no landlord 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, and each parcel's 4-unit structure independently qualifies for residential financing.
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 14.45 GRM on current rents.
Cap Rate: 4.88% NOI: $159,910 Livable Sq. Ft: 7,560
Built in 1952 8 units Lot Sq. Ft: 5,500