47 Carmel Ave - Multi-Family FOR SALE


Pacifica, CA 94044- Sharp Park
$995,000 USD
415-786-9410
47 Carmel Ave, Pacifica, CA for Sale
$995,000 USD
Multi-Family - FOR SALE
1/39
null | 4.22% Cap Rate

47 Carmel Ave
Pacifica, CA 94044
Sharp Park


OVERVIEW

Located just half a block from the Pacific Ocean and Pacifica Pier, 41-47 Carmel Avenue offers a rare coastal duplex opportunity in the highly desirable West Sharp Park neighborhood. The property features two (2) charming one-bedroom/one-bath units each approximately 550 square feet with large one-car garages and private backyard spaces for each unit. -- The westernmost unit at 41 Carmel Avenue will be delivered VACANT, move-in ready, and ideal for an owner-user or investor seeking immediate market rent potential. The property sits within walking distance to Palmetto Avenues vibrant local scene, including restaurants, coffee shops, bars, boutique stores, and the annual Fog Festival. Enjoy easy access to Highway 1, Sharp Park Golf Course, Mori Point, and scenic coastal trails. --- Built in 1959, this classic beachside duplex rests on a 3,510 square-foot lot and spans approximately 1,564 square feet of total building area. With separate water meters, very low expenses, and strong income potential, its a fantastic investment or 1031 exchange option in one of Pacificas most sought-after locations. --- Offered at a current cap rate of 4.22% and 15.77 GRM, this property blends beach-town charm, convenience, and solid cash flow just steps from the sand.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$636 USD /SF

# OF UNITS

2

PRICE/UNIT

$497,500

CAP RATE

4.22%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,150 SF

ZONING

Multifamily Residential

APN/PARCEL ID

016-012-150

ASK ABOUT THIS PROPERTY

Nate GustavsonCompass CommercialMore Info
415-786-9410

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Nate GustavsonCompass CommercialMore Info
415-786-9410

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