Daly City Triplex with
For Sale
Contact for pricing
299 Rhine St, Daly City, CA 94014
Renovated triplex in Daly City with city views.
Property Size2,260 SF
Price / SF$553.10
Days on Market174
Property Features for 299 Rhine St
General Information
Standard status
Active
Size
2,260 SF
Class
C
Property subtype
Multifamily
Zoning
R10003
Building Details
Year Built
1926
Listing Agency:
Compass Commercial Real Estate
(415) 345-3000
Listed By:
Tony Zizzo · License #CA#01962093
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 299 Rhine Street in Daly City is a well-maintained triplex situated atop a hill, offering neighborhood and city views. The property consists of three fully renovated one-bedroom units. One unit is a standard one-bedroom, another includes a private garage, and the third is an oversized one-bedroom with a bonus room suitable for a home office, guest space, or additional living area. All three units have been updated. Residents have access to an on-site laundry room and a private rear yard. The location provides access to shopping, dining, and retail services at Serramonte Center, as well as connectivity to major transportation corridors and nearby BART stations. It is located near San Francisco State University and a short drive from the Pacific coastline at Thornton State Beach. Commuters have access to downtown San Francisco and Peninsula employment centers. The property is near Interstate 280 and U.S. Route 101, providing regional connectivity throughout the Bay Area. It is also near San Bruno Mountain State & County Park. The property size is 2260 square feet.
Key Highlights
- Sweeping neighborhood and city views from a hilltop location.
- Fully renovated units minimize near‑term capital improvement needs.
- Prime location near Serramonte Center, transportation, and BART.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,766
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,015,320
$1.0M
Cap Rate 7%
$725,229
$725.2K
Cap Rate 9%
$564,067
$564.1K
Market Conditions
NOI Build-Up for 2,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.3K $34.20/SF
− Vacancy
−$4.8K −$2.11/SF
EGI
$72.5K $32.09/SF
− OpEx
−$21.8K −$9.63/SF
NOI
$50.8K $22.46/SF
Area
Daly City, CA
Vacancy
6.17%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,015,320
Cap Rate 7%
$725,229
Cap Rate 9%
$564,067
Alternative Uses
Best Use
Multifamily LT 5
$725.2K
$634.6K – $846.1K
NOI $50,766 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$645.5K
$564.8K – $753.1K
NOI $45,187 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$995.0K
$870.7K – $1.16M
NOI $69,652 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
Explore this area
Business Placement
Demographics for 94014, CA
48,677
Population
15,643
Households
3.1
Avg Household Size
39
Median Age
33%
College-Educated
84%
High-School Grad
6.4 sq mi
ZIP Area
7,606
Density / Sq Mi
$115,513
Median Household Income
$49,144
Median Earnings
$2,089
Median Rent
$979,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated triplex in Daly City with city views.
Where is this triplex located?
The property is located at 299 Rhine St Daly City, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Sweeping neighborhood and city views from a hilltop location.; Fully renovated units minimize near‑term capital improvement needs.; Prime location near Serramonte Center, transportation, and BART.
