The Gustavson Group of Compass Commercial is pleased to announce the exclusive listing of 265–273 88th Street; 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 $26,000,000, this stabilized asset features a desirable unit mix of (6) 3-Bed/2-Bath, (6) 2-Bed/2-Bath, (4) 2-Bed/1-Bath, (62) 1-Bed/1-Bath, 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 presents strong in-place cash flow (5.23% current cap rate & 11.33 GRM) with additional upside.

Extending along 88th Street to Edgeworth Street, and then back around to 89th Street, this enormous apartment community spans over an entire city block in historic Daly City, California. — 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 upgrades, updated windows across all five buildings, upgraded main electrical panels (2025), deck re-coating and rail painting (2025), updated water heaters, bird proofing, and extensive interior unit updates, with most units having been updated in the past 5-7 years. Amenities include five (5) laundry rooms with eighteen (18) “Pay Range” mobile-pay machines, a sparkling fenced-in pool, secure tenant storage, and eighty (80) off-street assigned parking spaces. All units are individually metered for gas and electric, and twelve (12) units offer central forced-air heating.