1625 Palmetto Ave - Apartments FOR SALE


Pacifica, CA 94044- Sharp Park
$3,228,000 USD
650-888-7696
1625 Palmetto Ave, Pacifica, CA for Sale
$3,228,000 USD
Apartments - FOR SALE
1/12
null | 4.99% Cap Rate

1625 Palmetto Ave
Pacifica, CA 94044
Sharp Park


HIGHLIGHTS

  • Built 1981
  • Condo Conversion Potential
  • Convenient Tenant Amenities
  • Nature Lover's Paradise
  • Easy Access To Major San Francisco

OVERVIEW

For additional information please contact Cole Simpson at Cole.Simpson@marcusmillichap.com or 650-391-1735 1625 Palmetto Ave is an exceptional mixed-use asset located in the thriving city of Pacifica, California. Situated on a 10,835 square foot parcel of land, the subject property was originally constructed in 1981 and features a gross building area of approximately 7,480 square feet, offering tenants beautifully designed one-bedroom and retail floor plans with private balconies, garage parking. 1625 Palmetto presents a rare opportunity to acquire a premier mixed-use asset in one of the Bay Area’s most desirable coastal locations. Pacifica is a stunning beachfront city just fifteen minutes from San Francisco, offering a tranquil retreat from the dense, culturally rich environment of the greater Bay Area while remaining easily accessible via Highway 1 with convenient access to SFO and San Jose International Airport. The city is a nature lover’s paradise, boasting panoramic vistas, miles of hiking trails at destinations such as Mori Point, Milagra Ridge, and Sweeney Ridge, and expansive beaches including Rockaway Beach and Sharp Park Beach. Pacifica is also highly desirable for families, supported by top-ranking school districts and high-value homes commanding premium prices, with median home values around $1,400,000. The investment appeal of this asset is further driven by Pacifica’s strong employment fundamentals and low vacancy levels, making 1625 Palmetto Ave an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$3,228,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

8

PRICE/UNIT

$403,500

CAP RATE

4.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residential Mixed Use Investment Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,835 SF

ZONING

C1000A

APN/PARCEL ID

016-022-340

ASK ABOUT THIS PROPERTY

Cole SimpsonMarcus & MillichapMore Info
650-888-7696

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Cole SimpsonMarcus & MillichapMore Info
650-888-7696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.