# House Hacking in Daly City (94015): Aggressive citywide upzone, fastest YoY, two BART stations · The Rent Hacker > Daly City 94015 for house hackers: The most aggressively upzoned city in the slice: a two-BART bedroom market where a Nov 2024 emergency ordinance and a 1,235 Canonical: https://therenthacker.com/house-hacking/daly-city-westlake-94015/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- [Peninsula guide](/house-hacking/peninsula/) · Tier S · Rank #4 of 28 # House hacking in Daly City (Westlake / Serramonte / Broadmoor). The most aggressively upzoned city in the slice: a two-BART bedroom market where a Nov 2024 emergency ordinance and a 1,235-unit approved megaproject reset feasibility, at ~$1.2M. **Status check:** Verified 2026-07-16: Serramonte Del Rey moved from entitled to active construction, with 122 units of faculty and staff housing under way on Parcel A and the Parcel B design approved. The emergency rezoning and the Serramonte Center expansion track exactly as documented, and Seton's rezoned parcels now have an interested developer (AHMC, 500+ homes). Kept at S. ## What's actually happening in 94015 - Approved Feb 2024 Serramonte Del Rey Campus Redevelopment: ~22-acre former Jefferson Union HSD campus; ~1,235 rental units (20% affordable), up to 14 stories, retail plus childcare; Council approved Feb 26, 2024, on a ~10-year buildout (Eden Housing and The Core Companies). [City of Daly City](https://www.dalycity.org/1042/Serramonte-Del-Rey-Campus-Redevelopment-) - Adopted Citywide emergency rezoning ordinance (adopted Nov 12, 2024): multi-family heights from 36 to 120 ft (C-MU up to 175 ft / 15 stories), density doubled with no cap in max-density zones, parking minimums and FAR eliminated, SFR minimum lot 2,500 sq ft. Unusually aggressive; it materially improves ADU, in-law, and small-multi feasibility. [City of Daly City](https://www.dalycity.org/748/Current-Future-Developments) - Operational Two BART stations serve the ZIP: Daly City BART (a major intermodal) and Colma BART, one stop and about 10 minutes to Balboa Park and the SF core. City of Daly City - In progress Seton Medical Center area rezoning (~12 acres, 60 to 120 du/ac, 500+ homes), the Serramonte Center expansion (up to 328,600 sq ft retail), and Daly City BART Access / Pacific Plaza (3,000+ future jobs). [City of Daly City](https://www.dalycity.org/748/Current-Future-Developments) ## The numbers Median price ~$1.2M (Redfin, Jan 2026, +6.7% YoY, the fastest-appreciating in-scope ZIP) Market rent all-bed ~$2,337/mo (Zumper) Property tax (San Mateo County) 1.26% combined effective average (range 1.08–1.52% by tax-rate area; purchase resets the assessed basis to sale price) Per-bed rent band $1,050–1,450/mo per bed ADU rent band $2,300–2,900/mo Whole-home rent band $3,600–4,400/mo whole-home Underwriting vacancy 4–5% underwriting vacancy Appreciation scenarios 3.5 / 5.0 / 6.5 %/yr (conservative / base / upside) RHNA 2023-2031 is 4,838 units; AB 1482 only. Appreciation basis: The emergency rezoning plus Serramonte Del Rey; fastest recent YoY at +6.7%. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. [Run your own scenario in the calculator](/calculator/). ## Buildings we underwrote in 94015 1 building in 94015 carry a record. 0 beat renting and index funds; the rest did not. Every row links to its own page, with the numbers it was scored on. Property At our defaults Status [214 88th St](/property/rh-b2x3kf/214-88th-st/) 2 units · $1,595,000 −$830,711 S&P 500 Underwritten — the index wins at our defaults The full [board](/board/) shows every region's current week; this table is every record we hold for 94015, newest basis first. ## The house-hack angle SFR plus a legalized in-law: Daly City's ubiquitous in-law stock is now conforming under the emergency rezoning and SB 9. Small multi where the doubled density pencils. Broadmoor is a distinct enclave with its own police district. ## What breaks it - Western Westlake near Mussel Rock carries landslide and bluff hazard - Serramonte Del Rey is early in a ~10-year buildout - Seton Medical Center is financially stressed, a jobs-leg risk This page is the standing analysis. The weekly part, actual Daly City-area listings that pass the math, lands on the Peninsula board every Thursday. [This week's Peninsula board](/board/sf-peninsula/) [This week's Peninsula board](/board/sf-peninsula/) · [Read past Peninsula issues](/issues/sf-peninsula/) · [Every pick, on the record](/track-record/) · [How a deal becomes a pick](/methodology/) Data synthesized 2026-07-05, catalysts re-verified 2026-07-16. Mortgage-rate basis: 6.43% (Freddie Mac PMMS, week of 2026-07-02). Sources are the public planning documents and market listings named above, fetched on the synthesis date. Nothing here is investment advice; every deal needs a bindable insurance quote and parcel-level verification.