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Residential Mixed Use Investment Opportunity 1625 Palmetto Ave Apartment Building $3,228,000 4.99% Cap Rate Pacifica, CA 94044
Investment Highlights
- Prime Paci ca Investment Opportunity
- Convenient Tenant Amenities
- Easy Access To Major San Francisco
- Condo Conversion Potential
- Nature Lover's Paradise
Executive Summary
For additional information please contact Cole Simpson at Cole.Simpson@marcusmillichap.com or 650-391-1735
1625 Palmetto Ave is an exceptional mixed-use asset located in the thriving city of Pacifica, California.
Situated on a 10,835 square foot parcel of land, the subject property was originally constructed in 1981 and features a gross building area of approximately 7,480 square feet, offering tenants beautifully designed one-bedroom and retail floor plans with private balconies, garage parking.
1625 Palmetto presents a rare opportunity to acquire a premier mixed-use asset in one of the Bay Area’s most desirable coastal locations. Pacifica is a stunning beachfront city just fifteen minutes from San Francisco, offering a tranquil retreat from the dense, culturally rich environment of the greater Bay Area while remaining easily accessible via Highway 1 with convenient access to SFO and San Jose International Airport. The city is a nature lover’s paradise, boasting panoramic vistas, miles of hiking trails at destinations such as Mori Point, Milagra Ridge, and Sweeney Ridge, and expansive beaches including Rockaway Beach and Sharp Park Beach. Pacifica is also highly desirable for families, supported by top-ranking school districts and high-value homes commanding premium prices, with median home values around $1,400,000.
The investment appeal of this asset is further driven by Pacifica’s strong employment fundamentals and low vacancy levels, making 1625 Palmetto Ave an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
1625 Palmetto Ave is an exceptional mixed-use asset located in the thriving city of Pacifica, California.
Situated on a 10,835 square foot parcel of land, the subject property was originally constructed in 1981 and features a gross building area of approximately 7,480 square feet, offering tenants beautifully designed one-bedroom and retail floor plans with private balconies, garage parking.
1625 Palmetto presents a rare opportunity to acquire a premier mixed-use asset in one of the Bay Area’s most desirable coastal locations. Pacifica is a stunning beachfront city just fifteen minutes from San Francisco, offering a tranquil retreat from the dense, culturally rich environment of the greater Bay Area while remaining easily accessible via Highway 1 with convenient access to SFO and San Jose International Airport. The city is a nature lover’s paradise, boasting panoramic vistas, miles of hiking trails at destinations such as Mori Point, Milagra Ridge, and Sweeney Ridge, and expansive beaches including Rockaway Beach and Sharp Park Beach. Pacifica is also highly desirable for families, supported by top-ranking school districts and high-value homes commanding premium prices, with median home values around $1,400,000.
The investment appeal of this asset is further driven by Pacifica’s strong employment fundamentals and low vacancy levels, making 1625 Palmetto Ave an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Property Facts
| Price | $3,228,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 7,480 SF |
| Cap Rate | 4.99% | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Building Class | C | ||
| Zoning | C1000A | ||
| Price | $3,228,000 |
| Sale Type | Investment |
| Cap Rate | 4.99% |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,480 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | C1000A |
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 016-022-340 | Improvements Assessment | $687,041 |
| Land Assessment | $149,337 | Total Assessment | $836,378 |
Property Taxes
Parcel Number
016-022-340
Land Assessment
$149,337
Improvements Assessment
$687,041
Total Assessment
$836,378
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Residential Mixed Use Investment Opportunity | 1625 Palmetto Ave
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