Pacifica, CA 94044,2316 Palmetto Ave
$1,880,000
Est. payment /mo
$2,500,000
24.8%
Est.Price: ?

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8,703 Sqft Lot
SOLD DATE : 07/01/2022

Key Details

Sold Price $1,880,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 40986486

Sold Date 07/01/22

HOA Y/N No

Year Built 1965

Annual Tax Amount $6,881

Lot Size 8,703 Sqft

Property Description

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! Views: Downtown

Location

State CA

County San Mateo

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Tar/Gravel

Total Parking Spaces 8

Building

Lot Description Street Level

Others

Tax ID 016315420

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California Regional MLS (CRMLS)
Listed by Nicole Quichocho • Yellow Brick Rd. REALTORS
Bought with OUT OF AREA OUT • OUT OF AREA - NON MEMBER

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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