Contemporary Multifamily
901903 Hanover Street, Daly City, CA 94014
For Sale
$1,588,000
R3-zoned multifamily property with established improvements and a selection of built-in kitchen appliances.
Property Size2,524 SF
Price / SF$629.16
Days on Market98
Property Features for 901903 Hanover Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
CENTURY 21 Masters
(650) 689-5888
Listed By:
Irene L. Castillo · License #01774995
(650) 703-9384
Source:
Exitrealty
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 12 at 6:54PM
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 CENTURY 21 Masters
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 1928 and is identified as a contemporary-style improvement. Interior features include electric service and a kitchen equipped with a dishwasher, freezer, gas cooktop, disposal, ice maker, refrigerator, range hood, and vented exhaust fan. The property size is listed as 2,524.
The property is located on Hanover Street in Daly City, San Mateo County, with city-light views noted among the exterior features. R3 zoning is reported for the site.
The property is located on Hanover Street in Daly City, San Mateo County, with city-light views noted among the exterior features. R3 zoning is reported for the site.
Key Highlights
- R3 zoning for multifamily use
- Built in 1928
- Property size listed as 2,524
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,465
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,300
$1.0M
Cap Rate 7%
$720,929
$720.9K
Cap Rate 9%
$560,722
$560.7K
Market Conditions
NOI Build-Up for 2,524 SF
Gross rent
$98.1K $38.88/SF
− Vacancy
−$6.4K −$2.53/SF
EGI
$91.8K $36.35/SF
− OpEx
−$41.3K −$16.36/SF
NOI
$50.5K $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 Rate 5%
$1,009,300
Cap Rate 7%
$720,929
Cap Rate 9%
$560,722
Alternative Uses
Best Use
Apartment 5plus
$720.9K
$630.8K – $841.1K
NOI $50,465 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$972.4K – $1.30M
NOI $77,788 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,128
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
$979,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in San Mateo County, CA
Properties on Market for Multifamily properties in San Mateo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - R3-zoned multifamily property with established improvements and a selection of built-in kitchen appliances.
Where is this multifamily property located?
The property is located at 901903 Hanover Street Daly City, CA.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: R3 zoning for multifamily use; Built in 1928; Property size listed as 2,524
