Daly City Triplex with
299 Rhine St, Daly City, CA 94014
For Sale
Contact for pricing
Renovated triplex in Daly City with city views.
Property Size2,260 SF
Price / SF$553.10
Days on Market268
Property Features for 299 Rhine St
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
Compass Commercial Real Estate
Listed By:
Tony Zizzo · License CA #01962093
(650) 770-8356
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
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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 / Yr
$50,766
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
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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
$979,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in San Mateo County, CA
Properties on Market for Triplexes in San Mateo County
Vacancy Rate% for Multifamily in West region
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.
