88 Hillside Apartments_Property for Sale
88 Hillside Apartments_Property for Sale
6601 Mission Street, Daly City, CA, 94014, US

88 Hillside Apartments

Asset description

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire 88 Hillside (the “Property”), a mixed-use, 95-unit apartment community located in the Northern Peninsula community of Daly City, California.


Originally built as a luxury condominium development in 2011, 88 Hillside offers an exceptional opportunity to acquire one of the most strategically located residential communities in the Bay Area. The Property is located at the top of Mission Boulevard, in the heart of Daly City. The Property is four blocks from the Daly City BART station and a three-minute drive to the main arterial, Interstate 280. This strategic location provides equally seamless access to major employers in San Francisco, the Peninsula, and the greater Silicon Valley.


88 Hillside offers some of the largest floorplans in the region, averaging over 1,150 square feet. 96% of the homes are large two-bedroom and three-bedroom townhome configurations, all of which have two bathrooms. Intentionally designed as a long and tall podium structure at the top of a hill, most of the units at 88 Hillside offer unobstructed western views over San Francisco Golf Club to the Pacific Ocean.


Daly City is one of the only communities between San Francisco and San Jose that does not today offer a true Class-A asset. 88 Hillside’s exterior façade is contemporary and modern, yet the interiors are entirely original - providing a unique and bite-sized opportunity to modernize interior finishes to a more luxurious and contemporary standard. The exceptional views, immediate access to transportation, and large townhome floorplans create a blank slate for a thoughtful modernization.


The Property features controlled access parking garages, expansive garden terraces, and walkways, as well as select semi-private garden terraces with direct access. There are numerous opportunities on-site to offer a fitness center, resident lounge, and additional EV parking spaces to cater to discerning residents.


88 Hillside is being offered on an unpriced basis. Please contact the exclusive advisors listed below to discuss this opportunity.

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Attributes

Number of units
95 units
Occupancy
96.00%
Year built
2011
Building area Net
10,156 sm
NOI
¥389,363,000

Media

Investment highlights

  • Urban-Adjacent Townhome Living
    • 96% of the homes at 88 Hillside are townhome two-bedroom and three-bedroom homes with two bathrooms. These townhome layouts provide flexible living environments for dual-working households and spatial separation for residents who may both work from home.
  • High-Quality Asset with Optionality
    • Renovation upside through cosmetic interior enhancements
    • Retail offers stability and future opportunity
    • Development opportunity with corner adjacent parcel
  • Unparalleled Transit Accessibility & Regional Access
    • Within a short commune of the Daly City BART Station & minutes from Interstate 280 & Highway 1
  • Location, Location, Location
    • The Property is located in Daly City, situated between San Francisco and Silicon Valley, affording direct access to the Bay Area's highest income earners
88 Hillside Apartments 4_Property for Sale

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Last updated
Jun 8, 2023