510 Avenue Alhambra - Apartments FOR SALE


Half Moon Bay, CA 94019- San Mateo-Foster City-Burlingame
$4,000,000 USD
650-773-7713
510 Avenue Alhambra, Half Moon Bay, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/8
null | 4.47% Cap Rate

510 Avenue Alhambra
Half Moon Bay, CA 94019
San Mateo-Foster City-Burlingame


HIGHLIGHTS

  • Amazing Ocean Views
  • Each Apartment Has a Bonus Room for 2nd Bedroom
  • Covered Parking and Storage for Each Unit
  • Strong Market: Low Rental Inventory and Barriers to New Construction
  • 1/2 Block to Proposed Community Park and Rec Center
  • Walking Distance to Beaches, Coastal Trails, Schools Restaurants and Shops

OVERVIEW

PROPERTY DESCRIPTION Introducing a prime investment opportunity in El Granada, CA. This impressive multifamily property boasts a 9,756 SF building with 9 units, all currently leased. Each unit is spacious, features stunning ocean views and a bonus room that can function as a second bedroom. Additionally, three units are equipped with their own washer/dryer. With the building having been freshly painted in April 2025, and a strong rental market with low inventory, this is a unique chance to capitalize on a highly sought-after asset. LOCATION DESCRIPTION Nestled in the coastal community of El Granada, this investment’s location offers the ideal blend of natural beauty and urban convenience. Located near the Pillar Point Harbor, this vibrant area is celebrated for its stunning coastal views, freshly caught fish and outdoor recreational opportunities. The nearby Half Moon Bay Brewing Company, Sam’s Chowder House and other local eateries provide residents with a variety of dining experiences. The property's proximity to popular surfing, kayaking, fishing, mountain biking and hiking destinations appeals to those tenants seeking an active lifestyle. With easy access to Highway 1, residents can enjoy a seamless commute to high paying employment in the nearby urban centers.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$535 USD /SF

# OF UNITS

9

PRICE/UNIT

$444,444

CAP RATE

4.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,462 SF

ZONING

C-1/S-3/DR,SM County

APN/PARCEL ID

047-204-110

ASK ABOUT THIS PROPERTY

Randy KinghornKinghorn Commercial PropertiesMore Info
650-773-7713

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

Randy KinghornKinghorn Commercial PropertiesMore Info
650-773-7713

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