1625 Palmetto Ave - Apartments FOR SALE


Pacifica, CA 94044- Sharp Park
$2,998,000 USD
650-888-7696
1625 Palmetto Ave, Pacifica, CA for Sale
$2,998,000 USD
Apartments - FOR SALE
1/21
null | 5.38% Cap Rate

1625 Palmetto Ave
Pacifica, CA 94044
Sharp Park


HIGHLIGHTS

  • Walking Distance to the Beach and Local Retailers
  • Tenants Enjoy Convenient Amenities such as Private Balconies and Garage Parking
  • Easy Access from San Francisco along Highway 1
  • Vaulted Ceilings In All Residential Units

OVERVIEW

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 has a gross building area of approximately 7,480 square feet, offering its tenants beautifully designed one-bedroom and retail floor plans. Additionally, tenants enjoy private balconies, garage parking, and an on-site laundry facility. 1625 Palmetto Presents a rare opportunity to acquire an exceptional mixed-use asset in one of the most desirable locations in the Bay Area. Pacifica is a beautiful beachfront city only fifteen minutes from San Francisco and the natural beauty of the city provides a transcendental getaway from the dense populations and culturally rich environment of the Bay Area. Travel between the Bay Area and the city is easy to reach from Highway 1 and has convenient access to SFO and San Jose International. The city is a nature lover's paradise with panoramic vistas along the miles of hiking trails from locations like Mori Point, Milagra Ridge, and Sweeney Ridge, to expansive beaches from along the shoreline at Rockaway Beach, Sharp Park Beach and more. Pacifica is a highly desirable location for families as well, with top-ranking school districts and high value homes going for a premium with median home prices around $1,400,000. The investment appeal of this asset is driven by Pacifica's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 1625 Palmetto Ave presents 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

$2,998,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

8

PRICE/UNIT

$374,750

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

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.