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15 Santa Maria Ave
Pacifica, CA 94044
Multifamily Property For Sale
·
5 Units
Investment Highlights
- New Electrical Main (2025) & New Subpanels (Siemens) Installed in 2026
- Roof: New Modified Bitumen CAP Sheet Roof 2025
- Located Half a Block from Annual Fog Festival on Palmetto Avenue
- New Sewer Lateral Clearance Certificate (2026)
- Additional 2,700 Sqft. Lot Included (APN: 016-031-210)
- West Sharp Park is widely considered the Most Desirable Neighborhood in Pacifica
Executive Summary
Compass Commercial is pleased to announce the exclusive listing of 15 Santa Maria Avenue, located just steps from the Pacific Ocean. The subject property presents a rare five (5) unit multifamily investment opportunity in Pacifica’s highly sought-after “West Sharp Park” neighborhood. The property consists of one (1) spacious 2-Bedroom/1-Bath unit (~700 sqft) and four (4) 1-Bedroom/1-Bath units (~525 sqft each), complemented by a five-car garage and additional driveway parking.
Constructed in 1960 and situated on a 4,500-square-foot lot, the property encompasses approximately 4,111 square feet of gross livable space. The offering also includes an adjacent 2,700-square-foot parcel, providing added value and future potential. Significant recent capital improvements include a new electrical main service (2025), new sewer lateral (2026), new modified bitumen cap sheet roof (2025), and new electrical sub-panels in all units (2026), all done with permits. Each unit is separately metered for gas and electricity.
Currently 100% occupied, the asset generates strong in-place annual income of $146,664 and is offered at a current 5.16% cap rate and 12.95 GRM. Combining stable cash flow, substantial recent upgrades, and long-term rental upside in one of Pacifica’s most desirable coastal locations, 15 Santa Maria Avenue represents a compelling investment opportunity just steps from the beach.
Constructed in 1960 and situated on a 4,500-square-foot lot, the property encompasses approximately 4,111 square feet of gross livable space. The offering also includes an adjacent 2,700-square-foot parcel, providing added value and future potential. Significant recent capital improvements include a new electrical main service (2025), new sewer lateral (2026), new modified bitumen cap sheet roof (2025), and new electrical sub-panels in all units (2026), all done with permits. Each unit is separately metered for gas and electricity.
Currently 100% occupied, the asset generates strong in-place annual income of $146,664 and is offered at a current 5.16% cap rate and 12.95 GRM. Combining stable cash flow, substantial recent upgrades, and long-term rental upside in one of Pacifica’s most desirable coastal locations, 15 Santa Maria Avenue represents a compelling investment opportunity just steps from the beach.
Property Facts
| Price Per Unit | $380,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.16% | Building Size | 4,111 SF |
| Gross Rent Multiplier | 12.95 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.43/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R30000 - Two Parcels APN - 016-031-230 (4,500 sqft) and APN - 016-031-210 (2,700 sqft) | ||
| Price Per Unit | $380,000 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,111 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.43/1,000 SF |
| Zoning | R30000 - Two Parcels APN - 016-031-230 (4,500 sqft) and APN - 016-031-210 (2,700 sqft) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,495 | 700 |
| 1+1 | 4 | $2,218 | 525 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,034,354 | |
| Land Assessment | $1,099,819 | Total Assessment | $2,134,173 |
Property Taxes
Parcel Numbers
Land Assessment
$1,099,819
Improvements Assessment
$1,034,354
Total Assessment
$2,134,173
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