SB 1211 for 16-unit apartment in Daly City
In Daly City, a 16-unit 16-unit apartment just became one of the highest-yield SB 1211 typologies — 12 new homes, ministerially approved. At Daly City's median rent of $2,700/mo, that's ~$389K in additional gross annual rent.
The Daly City scenario
The capital stack on a typical Daly City 16-unit apartment project: existing equity (the lot itself, owned outright in many cases), construction loan against the new ADU appraised value, refi at completion against the stabilized rent roll.
Local tip for Daly City: SF spillover demand; tight lots.
Large multifamily (10+ unit) design playbook
A 16-unit complex is capped at 8 detached ADUs by statute, so the play shifts toward interior conversions: max(1, ⌊units × 25%⌋) = 4 additional units carved from common rooms, oversized lobbies, basement storage, or laundry rooms.
Pro-forma snapshot
| Existing units | 16 |
| Detached ADUs (SB 1211) | 8 |
| Interior conversions | 4 |
| Total new units | 12 |
| Median 1BR rent in Daly City | $2,700/mo |
| Est. additional gross rent | $389K/yr |
| Estimated total project cost | ~$2,419K |
| Year-1 NOI estimate | ~$292K |
| Stabilized cap rate at cost | 12.1% |
| Replacement parking required | No (§66313) |
| Approval pathway | Ministerial · §66314 |
| Typical permit timeline in Daly City | 75-120 days |
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