Description

299 Rhine Street in Daly City offers a well-maintained and thoughtfully upgraded triplex positioned atop a hill with sweeping neighborhood and city views. Daly City remains a stable and consistently strong rental market, supported by proximity to San Francisco and steady demand from major employment hubs, including Oyster Point's biotech corridor. The property features three fully renovated one-bedroom units. The building includes (1) 1 Bed 1 Bath, a (1) 1 Bed 1 Bath w/ private garage, and an oversized (1) 1 Bed 1 Bath w/a bonus room ideal for a home office, guest space, or added living area. All units have been tastefully updated to enhance tenant appeal and reduce near-term capital needs. Amenities include an on-site laundry room and a private rear yard for tenant enjoyment. Tenants are billed back for utilities, supporting improved operational efficiency. Conveniently located near Serramonte Center, BART, San Francisco State University, Thornton State Beach, and San Bruno Mountain Park, the property also offers easy access to I-280 and Hwy 101 for commuting throughout the Bay Area. With renovated interiors, desirable amenities, and a prime hilltop setting, 299 Rhine Street represents an excellent multifamily investment opportunity in a proven rental market.