2408-2412 Palmetto Ave - Apartments FOR SALE


Pacifica, CA 94044- Sharp Park
$3,425,000 USD
408-314-3009
2408-2412 Palmetto Ave, Pacifica, CA for Sale
$3,425,000 USD
Apartments - FOR SALE
1/32
null | 5.39% Cap Rate

2408-2412 Palmetto Ave
Pacifica, CA 94044
Sharp Park


HIGHLIGHTS

  • Exceptional Unit Mix Of One & Two Bedroom Units
  • Private Enclosed Garages & Washer/Dryer Hooks Ups
  • Walking Distance To Beaches In Pacifica

OVERVIEW

We are pleased to present, 2408-2412 Palmetto Avenue, an eight-unit apartment building, located in the picturesque coastal city of Pacifica, CA. Each unit comes with a dedicated garage space, adding to the property's appeal. Located in a high-demand area, the property experiences low vacancy rates. The recent upgrades lower maintenance costs and enhance tenant satisfaction. 2408 - 2412 Palmetto is situated in the picturesque coastal city of Pacifica, California, within San Mateo County. Known for its stunning ocean views, hiking trails, and six mile coastline with public accessible beaches. Pacifica is a favored destination for surfing, beachcombing, and various outdoor activities. The address is located in a residential neighborhood where residents benefit from proximity to local amenities.

FOR SALE DETAILS

PRICE

$3,425,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

8

PRICE/UNIT

$428,125

CAP RATE

5.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

N/Av, Pacifica

APN/PARCEL ID

016-315-300

ASK ABOUT THIS PROPERTY

Fred RubioMarcus & MillichapMore Info
408-314-3009

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

Fred RubioMarcus & MillichapMore Info
408-314-3009

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