8-Unit Apartment
New
For Sale
$3,280,000
725-731 Hillside BLVD, Daly City, CA 94014
Two fourplexes operate as one apartment property with individually metered utilities and private garage parking for residents.
Property Size7,560 SF
Days on Market4
Property Features for 725-731 Hillside BLVD
General Information
Standard status
Active
Size
7,560 SF
Property subtype
FiveOrMoreUnits
Building Details
Building Size
7,560 SF
Year Built
1952
Listing Agency:
Compass
Listed By:
Nate Gustavson · License #01898316
(415) 786-9410
Source:
Johnpaye
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 23 at 3:12AM
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
Investment Insights
Based on property information with market context.
This Daly City apartment property combines two fourplex buildings on separate parcels, functioning as one eight-unit community. The approximately 7,560-square-foot building area sits on a 5,500-square-foot lot, with all eight residences configured as one-bedroom, one-bath units. Private garage parking serves every unit.
Utilities are separately metered, including electric and water, allowing residents to pay water service directly. Siemens electrical main and subpanel equipment was replaced with permits in all units in 2025, and the modified bitumen flat roof was replaced in 2017. Built in 1952, each four-unit structure independently qualifies for residential financing. The property’s current operating metrics include a 4.88% cap rate and a 14.45 GRM.
Utilities are separately metered, including electric and water, allowing residents to pay water service directly. Siemens electrical main and subpanel equipment was replaced with permits in all units in 2025, and the modified bitumen flat roof was replaced in 2017. Built in 1952, each four-unit structure independently qualifies for residential financing. The property’s current operating metrics include a 4.88% cap rate and a 14.45 GRM.
Key Highlights
- 8‑unit apartment property comprising two fourplexes on two parcels
- Eight 1‑bedroom/1‑bath units across approximately 7,560 square feet
- 5,500‑square‑foot lot in Daly City at 725‑731 Hillside BLVD
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
$151,155
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
4.61%
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%
$3,023,100
$3.0M
Cap Rate 7%
$2,159,357
$2.2M
Cap Rate 9%
$1,679,500
$1.7M
Market Conditions
NOI Build-Up for 7,560 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
$293.9K $38.88/SF
− Vacancy
−$19.1K −$2.53/SF
EGI
$274.8K $36.35/SF
− OpEx
−$123.7K −$16.36/SF
NOI
$151.2K $19.99/SF
Area
Daly City, CA
Vacancy
6.50%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
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%
$3,023,100
Cap Rate 7%
$2,159,357
Cap Rate 9%
$1,679,500
Alternative Uses
Best Use
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,155 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,995 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,309
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?
Apartment building - Two fourplexes operate as one apartment property with individually metered utilities and private garage parking for residents.
Where is this apartment building located?
The property is located at 725-731 Hillside BLVD Daly City, CA.
What is the asking price?
The asking price for this property is $3,280,000.
What are key features of this property?
This property features: 8‑unit apartment property comprising two fourplexes on two parcels; Eight 1‑bedroom/1‑bath units across approximately 7,560 square feet; 5,500‑square‑foot lot in Daly City at 725‑731 Hillside BLVD
