NOT LISTED FOR SALE

329 88th St Daly City, CA 94015

Saint Francis Neighborhood

Estimated Value: $1,776,000 - $1,894,636

8 Beds
4 Baths
5,365 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $1,775,000 $331 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,828/month

46 Days on Market

About This Home

As of December 2023

The property is a stunning 4-unit apartment building in the thriving city of Daly City. Situated on a 2,500 square feet parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 5,365 total square feet, offering its tenants beautifully designed two-bedroom floor plans. The investment appeal of this asset is driven by Daly City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the San Francisco Bay Area. 329 88th St. presents an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Last Agent to Sell the Property

Gabriel Manzanares

Compass License #02051583 Listed on: 10/11/2023

Compass

Co-Listed By

Dusty Blackman

Compass License #01999734

Compass

Last Buyer's Agent

Dusty Blackman

Compass License #01999734

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,458

Year Built

  • 1964

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,365 Sq Ft Home
  • 3-Story Property
  • Crawl Space

Utilities

  • Wall Furnace
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $122,400
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,502
  • Maintenance Expense $2,000
  • Other Expense $1,200
  • Utility Expense $3,152
  • Trash Expense $2,431
  • Operating Expense $34,121
  • Gross Income $118,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,458

Year Built

1964

Lot Details

0

Parking

4

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5365
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 5365
  • Stories: 3

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Crawl Space
  • Roof: Flat / Low Pitch, Rolled Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Private

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Acres: 0.0574
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2500.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.36
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2502
  • Expense Maintenance: 2000
  • Expenses Other: 1200
  • Expenses Total: 34121
  • Expenses Utility: 3152
  • Expense Trash: 2431
  • Income Annual Gross: 118728.00
  • Income Annual Rental: 122400
  • Income Gross Scheduled: 122400
  • Income Includes: Rents
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Dec 4, 2023
Sold by
2015 K And A Kasidiaris Trust
Bought by
Telesis Investment Llc
Seller's Agent
Gabriel Manzanares
Compass
Buyer's Agent
Dusty Blackman
Compass
List Price
$1,880,000
Sold Price
$1,775,000
Premium/Discount to List
-$105,000
-5.59%
Views
23
Current Estimated Value
$1,842,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,659
Avg. Annual Appreciation
2.21%
Original Mortgage
$887,500
Outstanding Balance
$874,905
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$967,754

Purchase Details

Closed on
May 27, 2015
Sold by
Kasidiaris Kosta and Kasidiaris Angela
Bought by
2015 K & A Kasidiaris Trust and Kasidiaris Angela
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Telesis Investment Llc $1,775,000 Chicago Title Company
2015 K & A Kasidiaris Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Telesis Investment Llc $887,500
Previous Owner Kasidiaris Kosta $222,500
Previous Owner Kasidiaris Kosta $280,000
Previous Owner Kasidiaris Kosta $242,000
Previous Owner Kasidiaris Kosta $100,000
Previous Owner Kasidiaris Kosta $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $1,775,000 -5.6% $331 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $1,880,000 -- $350 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,458 $1,810,500 $795,600 $1,014,900
2023 $21,458 $521,660 $93,813 $427,847
2022 $6,939 $511,432 $91,974 $419,458
2021 $6,484 $501,405 $90,171 $411,234
2020 $7,613 $496,265 $89,247 $407,018
2019 $7,555 $486,536 $87,498 $399,038
2018 $7,446 $476,997 $85,783 $391,214
2017 $7,189 $467,645 $84,101 $383,544
2016 $6,612 $458,476 $82,452 $376,024
2015 $6,527 $451,590 $81,214 $370,376
2014 $6,270 $442,745 $79,624 $363,121
Source: Public Records

Agents Affiliated with this Home

  • Gabriel Manzanares

    Seller's Agent in 2023

    Gabriel Manzanares

    Compass

    (650) 391-1700

    2 in this area

    10 Total Sales

    Gabriel Manzanares
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Dusty Blackman

    Compass

    (253) 797-7126

    2 in this area

    86 Total Sales

    Dusty Blackman
    Section Image
  • Jodene Collings Hayes

    Buyer Co-Listing Agent in 2023

    Jodene Collings Hayes

    Compass

    (425) 238-3898

    2 in this area

    90 Total Sales

    Jodene Collings Hayes
    Section Image
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Map

Source: MLSListings

MLS Number: ML81944706

MLSListings

APN: 006-192-130

California San Mateo County Daly City 94015 Saint Francis

329 88th St, Daly City, CA

This home is located at 329 88th St, Daly City, CA 94015 since 11 October 2023 and is currently estimated at $1,842,659, approximately $343 per square foot. This property was built in 1964. 329 88th St is a home located in San Mateo County with nearby schools including Margaret Pauline Brown Elementary School, Benjamin Franklin Intermediate School, and Jefferson High School.

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