For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $3,425,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81765288
Sold Date 09/29/20
HOA Y/N No
Year Built 1963
Annual Tax Amount $41,151
Lot Size 8,594 Sqft
Property Description
UPDATED FINANCIALS, due to 1 vacancy and increases across the board. Rarely available eight unit building located in Rockaway Beach, Pacifica. Two structures on one parcel, that are mirror images of each other. Fresh paint and new landscaping. Good unit mix with six 2Brs and two 1Brs. Significant upside in rents, however current rents still make this an attractive investment. Located a short distance to the beach, close to hiking trails as well as the shops and restaurants of Rockaway Beach in Pacifica. Reletively easy commute to San Francisco allows for strong rental demographics and a good tenant profile. Now a 15.89 GRM and 4% Cap.
Location
State CA
County San Mateo
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Roof Type Bitumen
Building
Water Public
Schools
School District Other
Others
Tax ID 022027040
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Stanley Guan
GET MORE INFORMATION