731 Hillside Blvd, Daly City, CA 94014

Property Description

MAJOR PRICE REDUCTION NOW $2,980,000! ($300,000 REDUCTION) - INDIVIDUALLY METERED FOR WATER (rare), GAS & ELECTRIC --- 725-731 Hillside Boulevard is a well-located 8-unit apartment community situated on two (2) parcels in Daly City, structured as two fourplexes operating together as one property allowing for advantageous RESIDENTIAL FINANCING 75% LTV, subject to lender and borrower qualifications. --- Offered at $2,980,000, the property consists of 8-units across approximately 7,560 square feet of building area on a 5,500-square-foot lot. The unit mix includes eight (8) 1-bedroom/1-bath units. -- The property offers a FULLY SEPARATE METERED STRUCTURE, with each unit individually metered for electric (PG&E) and WATER, so tenants pay their own water directly with no landlord expense. All electrical main and subpanel equipment (Siemens) was replaced with permits in all units in 2025, and the roof was replaced with a modified bitumen flat roof in 2017. Private garage parking is provided for all eight units. -- Built in 1952, the property generates approximately $228,000 in current scheduled gross annual income, with net operating income of approximately $164,380, a 5.52% cap rate and 13.07 GRM on current rents.