2316 Palmetto Ave presents an opportunity to purchase a multi-family/mix-use investment property in San Mateo County. This building was originally constructed in 1965 on a .20 acres in the Brighton Beach neighborhood. The City of Pacifica is located between South San Francisco and Half Moon Bay. This building has a total of 7 fully occupied units with long-term tenants. Upstairs has 5 1 bed/1bath units. Downstairs has 2 commercial/retail spaces. There is unit downstairs currently used as a management office that could be converted into an on-site laundry room. There are 4 carports for tenants with additional storage and an off-street, common parking area. The roof was replaced in approx. 2003. In it's current state of occupancy, the property is yielding a 4% cap rate. Opportunity for income growth or even opportunity to expand or add an additional building. Blocks from Pacifica Beach Park, Sharp Park Golf Course, downtown, restaurants, shopping & commute access!
MLS #
CC40986486
MLS Source
Contra Costa Association of Realtors
Buyer's Brokerage Compensation*
2
Flooring
Carpet - Partial, Concrete, Laminate, Linoleum
Cooling
None
Heating
Wall Furnace
Roof
Tar/Gravel
Garage/Parking
Assigned Spaces, Guest / Visitor Parking, Off-Site Parking, Parking Area, Garage: Car(s)
Sewer
Public Sewer
Water
Public
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 450 | 1 | 0/0 | $1,500 | – | – |
2 | 450 | 1 | 0/0 | $1,500 | – | – |
3 | 450 | 1 | 0/0 | $1,500 | – | – |
4 | 485 | 1 | 0/0 | $1,850 | – | – |
5 | – | 1 | 0/0 | $1,500 | – | – |
2316 Palmetto Ave is a Residential Income in Pacifica, CA 94044. This 3,190 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1965.
This address can also be written as 2316 Palmetto Ave, Pacifica, CA 94044.©2024 Contra Costa Association of Realtors. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Contra Costa Association of Realtors.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of October 04, 2022. For the most current information, please contact Nicole Quichocho, (925) 408-2585