414 91St StDaly City, CA 94015

Property Details for 414 91St St

Year built

1965

Lot size

0.05 AC

Property size (Sq ft)

5,662 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional four-unit quadruplex, located at 414 91st Street in Daly City, California (94015), presents a compelling investment opportunity. The property, built in 1965, boasts a total of 5,662 square feet on a 0.05-acre lot and is zoned R-LD. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $54,727, resulting in a 2.81% cap rate. The asking price is $1,950,000, translating to $487,500 per unit and $344.40 per square foot. The land value alone is assessed at $283 per square foot. Each of the four units features two bedrooms and one full bathroom, with three units having undergone recent renovations. Convenient ground-level parking accommodates four vehicles, one per unit. The property's prime location in the St. Francis Heights neighborhood offers easy access to major transportation arteries, including BART and freeways, as well as nearby shopping centers (Serramonte and Westlake), schools, and a variety of restaurants and amenities. This well-maintained property represents a solid investment with significant potential for future appreciation. The property's strong cash flow and desirable location make it an attractive option for discerning investors seeking a stable and profitable multifamily asset in the thriving San Mateo County market. The Assessor's Parcel Number (APN) is 006-194-350.

Location Insight

City

Daly City

County

San Mateo

State

California

Latitude

37.6904

Longitude

-122.475

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