Home | San Mateo County | El Granada | 94018 | 510 Avenue Alhambra
510 Avenue Alhambra, El Granada, CA 94018
MLS: ML82046224 | Status: | Price: $3,750,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
9,756 |
14,490 |
1973 |
Welcome to the Beach Surf View Apartments located at 510 Avenue Alhambra in El Granada; a rare coastal nine (9) unit multifamily investment opportunity in the highly desirable Pillar Point neighborhood of El Granada. -- This well-maintained property offers stunning ocean views from every unit and an exceptional unit mix of three (3) spacious 2-Bedroom/1-Bath Penthouse units (~1,000 sqft) and six (6) classic 2-Bedroom/1-Bath units (~675 sqft). -- Originally constructed in 1973 and situated on a 14,490 sqft lot, the property features approximately 9,756 sqft of improvements with 7,479 sqft of rentable space. Each unit is individually metered with all-electric appliances, and the penthouse units include in-unit washer/dryers. -- Property amenities include nine (9) carports plus two (2) open spaces, on-site laundry for units without in-unit laundry, bike storage, resident storage lockers, and an owners storage room with bathroom and sink. -- SB-721 INSPECTION IS COMPLETED/PASSED, offering added peace of mind for investors. Ideally located just a short 10-minute walk to the beach and coastal promenade, this asset combines strong in-place income (5.13% cap rate & 13.01 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.
| Field |
Value |
| MLS # |
ML82046224 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
5 |
Features
Interior Features
| Feature |
Details |
| Kitchen |
Countertop - Formica, Countertop - Granite, Countertop - Tile, Varies by Unit |
| Appliances |
Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Washer/Dryer |
| Flooring |
Carpet, Laminate, Tile, Vinyl/Linoleum |
| Laundry |
Coin Operated |
| Cooling |
None |
| Heating |
Electric |
Exterior Features
| Feature |
Details |
| Roof |
Tar/Gravel, Bitumen |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Carport, Garage: 0 Car(s) |
| Elementary District |
Cabrillo Unified |
| High School District |
Cabrillo Unified |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
C-1/S-3/DR, SM County |
| Listing Agent |
Co-Listing Agent |
| Nate Gustavson |
Cameron Foster |
| Compass |
|
| License #: 01898316 |
License #: 00972394 |
| Phone: (415) 786-9410 |
Phone: (415) 699-6168 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 3 |
9 |
9 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
1,000 |
2 |
1/0 |
$2,750 |
$3,100 |
3 |
| 2 |
675 |
2 |
1/0 |
$2,450 |
$2,600 |
6 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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This listing information is up-to-date as of May 07, 2026. For the most current information, please contact Nate Gustavson, (415) 786-9410.