108 School St, Daly City, California 94014, Daly City, - bed, bath
ACTIVE$2,095,000
108 School St, Daly City, California 94014
0Bed
0Bath
Sqft
2,571Lot
Year Built
1961
Close
-
List price
$2.1M
Original List price
$2.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41094476
Home ConditionExcellent
Features
View-
About this home
Unlock the potential of this well-maintained fourplex situated in the heart of Daly City, one of the Bay Area’s most desirable rental markets. Net Operating Income (NOI): $106,072. Strong tenant demand & stable cash flow. Convenient access to BART, freeways, shopping, and San Francisco. Whether you're a seasoned investor or just getting started, this property offers an unbeatable blend of location, income, and long-term growth potential. Current Market Rate rental opportunity of $2400 to $2600 a month. 3 units fully remodeled. Newly remodeled Bathrooms, Kitchens with appliances, and flooring as well as new siding and new roof. Over $250,000 in upgrades and improvements. Don’t miss this chance to own a solid multifamily asset in a thriving area!
Nearby schools
4/10
Woodrow Wilson Elementary School
Public,•K-5•0.7mi
5/10
Margaret Pauline Brown Elementary School
Public,•K-5•0.8mi
4/10
Benjamin Franklin Intermediate School
Public,•6-8•0.9mi
4/10
Jefferson High School
Public,•9-12•0.2mi
7/10
Westmoor High School
Public,•9-12•1.2mi
7/10
Oceana High School
Public,•9-12•4.1mi
6/10
Terra Nova High School
Public,•9-12•7.0mi
Price History
Date
Event
Price
09/02/25
Price Change
$2,095,000
04/23/25
Listing
$2,149,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 2,571 | 2,792 | 50% |
| Price | $2.1M | $1.79M | 50% |
| Price per square foot | $0 | $208 | |
| Built year | 1961 | 9750981 | 100% |
| HOA | |||
| Days on market | 196 | 210 | 50% |
Condition Rating
Excellent
Despite being built in 1961, the property has undergone extensive and recent renovations, with the listing explicitly stating '3 units fully remodeled. Newly remodeled Bathrooms, Kitchens with appliances, and flooring as well as new siding and new roof. Over $250,000 in upgrades and improvements.' The images confirm this, showcasing modern kitchens with new cabinets, countertops, and stainless steel appliances, along with fully updated bathrooms featuring contemporary vanities, fixtures, and tile work. All visible components appear new or virtually new, meeting current quality standards with no signs of deferred maintenance.
Pros & Cons
Pros
Strong Income & Cash Flow: The property boasts a Net Operating Income (NOI) of $106,072, indicating robust financial performance with strong tenant demand and stable cash flow, making it an attractive investment.
Extensive Recent Renovations: Over $250,000 has been invested in upgrades, including full remodels of 3 units, new bathrooms, kitchens with appliances, flooring, new siding, and a new roof, significantly reducing immediate capital expenditures for a buyer.
Prime Bay Area Location: Located in the heart of Daly City, a highly desirable rental market, with convenient access to BART, freeways, shopping, and San Francisco, ensuring continued tenant demand and potential appreciation.
Rental Upside Potential: There's a clear opportunity to increase rental income, as current market rates are estimated at $2400 to $2600 per month, suggesting potential for higher NOI.
Well-Maintained Asset: The property is described as 'well-maintained' and a 'solid multifamily asset,' indicating good overall condition and a reliable investment.
Cons
Partial Renovation: While 3 units are fully remodeled, the description implies one unit is not, which could require future investment to bring it to the same standard or may command lower rent.
Property Age: Built in 1961, the property's underlying structure is over 60 years old. Despite recent upgrades, older systems (e.g., plumbing, electrical in non-remodeled areas) may still be present and could require future maintenance or replacement.
Limited Lot Size: The 2571 sqft lot size is relatively compact for a fourplex, potentially limiting outdoor space for tenants or future expansion possibilities.