8-Unit Apartment
New
For Sale
$3,280,000
725731 Hillside Boulevard, Daly City, CA 94014
Two fourplexes provide separately metered utilities, private garage parking, and one-bedroom residences throughout.
Property Size7,560 SF
Days on Market3
Property Features for 725731 Hillside Boulevard
General Information
Standard status
Active
Size
7,560 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$38,380
Building Details
Building Size
7,560 SF
Year Built
1952
Listing Agency:
Compass
Listed By:
Nate Gustavson · License #01898316
(415) 874-5000
Source:
Realestatenovo
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 22 at 3:24PM
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.
Built in 1952, this apartment property combines two fourplex structures on two parcels, with each building containing four units. The eight residences are configured as one-bedroom, one-bath apartments, totaling approximately 7,560 square feet on a 5,500-square-foot lot. Private garage parking is provided for all eight units.
Utilities are separately metered, including electric and water, allowing residents to pay their own 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. Each four-unit parcel independently qualifies for residential financing. The property is located in Daly City, California, and reflects a 4.88% cap rate and 14.45 GRM based on current rents.
Utilities are separately metered, including electric and water, allowing residents to pay their own 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. Each four-unit parcel independently qualifies for residential financing. The property is located in Daly City, California, and reflects a 4.88% cap rate and 14.45 GRM based on current rents.
Key Highlights
- 8 units configured as one‑bedroom, one‑bath apartments
- Approximately 7,560 square feet on a 5,500‑square‑foot lot
- Two fourplexes situated on two parcels
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
214
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 provide separately metered utilities, private garage parking, and one-bedroom residences throughout.
Where is this apartment building located?
The property is located at 725731 Hillside Boulevard 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 units configured as one‑bedroom, one‑bath apartments; Approximately 7,560 square feet on a 5,500‑square‑foot lot; Two fourplexes situated on two parcels
