251 Westlake Ctr, Daly City, CA 94015 – Regional Shopping Mall

RetailYear Built 1961Total Assessed Value $135,162,064County San Mateo

Property Details

The Retail property 251 Westlake Ctr, Daly City, CA 94015 is located in San Mateo County. The specific property type is Regional Shopping Mall. The total assessed value of this property is $135,162,064.

The gross building area is 447,674 square feet and the land area is 934,885 square feet for this Regional Shopping Mall built in 1961.

Legal description: Lot:1,8 21.462 Ac Mol Lots 1 To 7 & 11 To 13 & Ptn Lots 8 To 10 Blk 22 Westlake Sub No 3 Rsm 31 /17-19 & Ptn Of Street Abnd.

Market Value

7.75%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeRetail

Sub Property TypeRegional Shopping Mall

Building Area447,674

Land Size934,885

Land Value$65,548,085

Improved Value$69,613,979

Total Assessed Value$135,162,064

Year Built1961

County NameSan Mateo

Account Number002-170-230

Cap Rate7.75%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories2

Sales History

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$65,548,085	$69,613,979	$135,162,064	-	Kimco Westlake	-	Lot:1,8 21.462 Ac Mo...	-	Westlake Sub	934,885	447,674
2023	$63,002,774	$66,910,787	$129,913,561	$129,913,561	Kimco Westlake	3333 New Hyde Park R...	Lot:1,8 21.462 Ac Mo...	-	Westlake Sub	934,885	447,674
2022	$61,767,426	$65,598,814	$127,366,240	-	Kimco Westlake	-	21.462 AC MOL LOTS 1...	-	WESTLAKE SUB	934,893	447,674
2021	-	-	-	-	Kimco Westlake Lp	3333 New Hyde Park R...	21.462 Ac Mol Lots 1...	-	Westlake Sub	934,893	447,674
2020	-	-	-	-	Kimco Westlake Lp	3333 New Hyde Park R...	21.462 Ac Mol Lots 1...	-	Westlake Sub	934,893	447,674
2019	$58,760,167	$62,405,023	$121,165,190	-	Kimco Westlake Lp	3333 New Hyde Park R...	21.462 AC MOL LOTS 1...	-	WESTLAKE SUB	934,893	447,674
2018	$57,608,007	$61,181,398	$118,789,405	-	Kimco Westlake Lp	3333 New Hyde Park R...	21.462 AC MOL LOTS 1...	-	WESTLAKE SUB	934,893	447,674
2017	$56,478,439	$59,981,765	$116,460,204	-	Kimco Westlake Lp	3333 New Hyde Park R...	21.462 AC MOL LOTS 1...	-	WESTLAKE SUB	934,893	447,674
2016	$55,371,019	$58,805,655	$114,176,674	-	Kimco Westlake Lp	3333 New Hyde Park R...	21.462 AC MOL LOTS 1...	-	WESTLAKE SUB	934,893	447,674
2015	$54,539,295	$57,922,342	$112,461,637	-	Kimco Westlake Lp	3333 New Hyde Park R...	21.462 AC MOL LOTS 1...	-	WESTLAKE SUB	934,893	447,674

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	251 Westlake Ctr, Daly City, CA 94015	—	-	934,885	1961	447,674	$ 135,162,064	$ 65,548,085	-
Ibexis Life&annuity Ins Co	1340 El Camino Real, San Bruno, CA 94066	09/04/2025	$ 26,500,000	356,408	2001	133,075	$ 25,991,373	$ 16,206,720	Khoury Lowes Llc
Golden Bank Na	112 Greenhouse Mall, San Leandro, CA 94579	08/19/2025	$ 664,000	27,267	1988	12,674	$ 5,289,194	$ 1,722,713	Coast Express Fresno Llc
Prudential Insurance Coameric	1300 Park Pl, San Mateo, CA 94403	08/08/2025	$ 18,000,000	52,751	2003	52,100	$ 26,947,725	$ 4,507,382	Re Plus Park Place Llc
Prudential Insurance Coameric	150 Woodside Plz, Redwood City, CA 94061	08/05/2025	$ 32,000,000	35,506	1965	33,916	$ 9,596,167	$ 4,806,283	Woodside Plaza Partners Lp
Prudential Insurance Coameric	100 Woodside Plz, Redwood City, CA 94061	08/05/2025	$ 32,000,000	22,002	0	-	$ 6,047,135	$ 2,910,822	Woodside Plaza Partners Lp
Prudential Insurance Coameric	50 Woodside Plz, Redwood City, CA 94061	08/05/2025	$ 32,000,000	97,313	0	-	$ 2,637,494	$ 1,475,905	Woodside Plaza Partners Lp
Prudential Insurance Coameric	340 Woodside Plz, Redwood City, CA 94061	08/05/2025	$ 32,000,000	77,145	0	-	$ 18,317,732	$ 8,565,769	Woodside Plaza Partners Lp
Peninsula Funding Group Lp	1205 Veterans Blvd, Redwood City, CA 94063	08/01/2025	$ 7,500,000	231,304	1965	104,199	$ 20,411,086	$ 12,040,612	Wpivillage Partners
East West Bank	20 Stone Pine Rd, Half Moon Bay, CA 94019	07/02/2025	$ 1,500,000	72,005	1996	18,075	$ 7,451,320	$ 5,648,583	Abolmoluki Living Trust
Morgan Stanley Pvt Bank Na	4915 Junipero Serra Blvd, Colma, CA 94014	12/27/2024	$ 21,500,000	18,108	0	-	$ 1,607,586	$ 399,814	Cres Management Company Llc

Mean$ 20,082,654

Median$ 12,000,000.0

Loan Amount Range$ 360,000 - $ 88,000,000

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