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Mixed-Use

6787-6789 Mission St

6787 Mission St, Daly City, CA 94014

Listing Price: $1,388,000

Cap Rate
4.50%
Number of Units
1
Occupancy
100.0%
Price/Unit
$1,388,000
Price/Gross SF
$524.57
Gross SF
2,646

Investment Overview

Marcus & Millichap is pleased to present an outstanding mixed-use property located along coveted Mission Street in Daly City. This sale/leaseback offers an estimated net operating income of $62,555 and a 4.51% capitalization rate in the first year of ownership. A central Bay Area location, Daly City has a population of 105,102 with a median household income of $90,335. The subject property is positioned along Historic Mission Street and provides excellent visibility, with a daily traffic count of 27,662 vehicles. This stylish two-story wood frame property has a +/- 1096 square foot retail/office suite on the ground level and a +/- 1160 square foot two-bedroom apartment unit upstairs. The property also includes a +/- 390 square foot storage/garage unit that is currently being leased out to a nearby realty company. The ground floor suite is fully built out to accommodate the needs of the current owners/tenants’ business. The property also includes a small patio that can be accessed from the apartment unit as well as a shared backyard. Overall, the parcel is 2,365 square feet, of which 27 lineal feet front Mission Street and stretch back to Eastlake Avenue. The ground floor suite is accessible from Mission Street, while the apartment unit can be accessed via Mission Street and Eastlake Avenue. The garage unit can be rented out as storage or used as a two-car garage, providing parking for the apartment unit. The subject property affords an investor the rare opportunity to purchase a cash-flowing property along highly desirable Mission Street. The ground floor suite has been remodeled by the current owner who has committed to a 4-year leaseback of the space at $3.10/square foot NNN. The roof was recently replaced. As well, the 2-bedroom apartment unit has been fully renovated with new countertops, flooring, appliances, and an in-unit washer & dryer. A rare find, 6787-6789 Mission Street in Daly City (APN 003-201-260) is the ideal property for an investor looking for a solid return from a property situated in a marvelous location. Priced at $1,388,000 ($524 per square foot), this recently renovated property has very low maintenance costs and will provide positive cash flow from the first day of ownership.

Investment Highlights

  • 4.5% Cap Rate.
  • Roof replaced 18 months ago.
  • Retail suite & apartment unit recently renovated.

Exclusively Listed By

Listing Price: $1,388,000

Cap Rate
4.50%
Number of Units
1
Occupancy
100.0%
Price/Unit
$1,388,000
Price/Gross SF
$524.57
Gross SF
2,646

Investment Highlights

  • 4.5% Cap Rate.
  • Roof replaced 18 months ago.
  • Retail suite & apartment unit recently renovated.

Investment Overview

Marcus & Millichap is pleased to present an outstanding mixed-use property located along coveted Mission Street in Daly City. This sale/leaseback offers an estimated net operating income of $62,555 and a 4.51% capitalization rate in the first year of ownership. A central Bay Area location, Daly City has a population of 105,102 with a median household income of $90,335. The subject property is positioned along Historic Mission Street and provides excellent visibility, with a daily traffic count of 27,662 vehicles. This stylish two-story wood frame property has a +/- 1096 square foot retail/office suite on the ground level and a +/- 1160 square foot two-bedroom apartment unit upstairs. The property also includes a +/- 390 square foot storage/garage unit that is currently being leased out to a nearby realty company. The ground floor suite is fully built out to accommodate the needs of the current owners/tenants’ business. The property also includes a small patio that can be accessed from the apartment unit as well as a shared backyard. Overall, the parcel is 2,365 square feet, of which 27 lineal feet front Mission Street and stretch back to Eastlake Avenue. The ground floor suite is accessible from Mission Street, while the apartment unit can be accessed via Mission Street and Eastlake Avenue. The garage unit can be rented out as storage or used as a two-car garage, providing parking for the apartment unit. The subject property affords an investor the rare opportunity to purchase a cash-flowing property along highly desirable Mission Street. The ground floor suite has been remodeled by the current owner who has committed to a 4-year leaseback of the space at $3.10/square foot NNN. The roof was recently replaced. As well, the 2-bedroom apartment unit has been fully renovated with new countertops, flooring, appliances, and an in-unit washer & dryer. A rare find, 6787-6789 Mission Street in Daly City (APN 003-201-260) is the ideal property for an investor looking for a solid return from a property situated in a marvelous location. Priced at $1,388,000 ($524 per square foot), this recently renovated property has very low maintenance costs and will provide positive cash flow from the first day of ownership.

Exclusively Listed By

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