1625 Palmetto Ave 8 Unit Apartment Building $2,998,000 ($374,750/Unit) 5.38% Cap Rate Pacifica, CA 94044

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 has a gross building area of approximately 7,480 square feet,
offering its tenants beautifully designed one-bedroom and retail floor plans. Additionally, tenants enjoy private balconies, garage parking, and an on-site laundry facility.
1625 Palmetto Presents a rare opportunity to acquire an exceptional mixed-use asset in one of the most desirable locations in the Bay Area. Pacifica is a beautiful beachfront city only fifteen minutes from San Francisco and the natural beauty of the city provides a transcendental getaway from the dense populations and culturally rich environment of the Bay Area.
Travel between the Bay Area and the city is easy to reach from Highway 1 and has convenient access to SFO and San Jose International. The city is a nature lover's paradise with panoramic vistas along the miles of hiking trails from locations like Mori Point, Milagra Ridge, and Sweeney Ridge, to expansive beaches from along the shoreline
at Rockaway Beach, Sharp Park Beach and more. Pacifica is a highly desirable location for families as well, with top-ranking school districts and high value homes going for a
premium with median home prices around $1,400,000.
The investment appeal of this asset is driven by Pacifica's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 1625 Palmetto Ave presents an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping,
dining, and entertainment options.