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47 Carmel Ave
Pacifica, CA 94044
Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- 4.22% Current Cap | 15.77 GRM
- Best Neighborhood in Pacifica
- Steps from the Pacific Ocean & Pacifica Pier
- RARE Separate Water Meters (tenant paid)
- In-Unit Laundry Machines, Both Units
- Walk to Restaurants, Organic Grocery Store (Oceana Mkt), Bars, Antique Shops, Coffee/Breakfast Shops
EXECUTIVE SUMMARY
FIRST OPEN HOUSE | WEDNESDAY 11/12/25 FROM 11AM-12:30PM. -- Please email Nate@GustavsonGroup.com if you are planning to attend.
Compass Commercial is pleased to announce the exclusive listing of a Prime Pacifica Duplex by the Sea in Pacifica, California.
Located just half a block from the Pacific Ocean and Pacifica Pier, 41–47 Carmel Avenue offers a rare coastal duplex opportunity in the highly desirable West Sharp Park neighborhood. The property features two (2) charming one-bedroom/one-bath units — each approximately 550 square feet — with large one-car garages and private backyard spaces for each unit.
The westernmost unit at 41 Carmel Avenue will be delivered VACANT, move-in ready, and ideal for an owner-user or investor seeking immediate market rent potential. The property sits within walking distance to Palmetto Avenue’s vibrant local scene, including restaurants, coffee shops, bars, boutique stores, and the annual Fog Festival. Enjoy easy access to Highway 1, Sharp Park Golf Course, Mori Point, and scenic coastal trails.
Built in 1959, this classic beachside duplex rests on a 3,510 square-foot lot and spans approximately 1,564 square feet of total building area. With separate water meters, very low expenses, and strong income potential, it’s a fantastic investment or 1031 exchange option in one of Pacifica’s most sought-after locations.
Offered at $995,000, this property blends beach-town charm, convenience, and solid cash flow — just steps from the sand.
Compass Commercial is pleased to announce the exclusive listing of a Prime Pacifica Duplex by the Sea in Pacifica, California.
Located just half a block from the Pacific Ocean and Pacifica Pier, 41–47 Carmel Avenue offers a rare coastal duplex opportunity in the highly desirable West Sharp Park neighborhood. The property features two (2) charming one-bedroom/one-bath units — each approximately 550 square feet — with large one-car garages and private backyard spaces for each unit.
The westernmost unit at 41 Carmel Avenue will be delivered VACANT, move-in ready, and ideal for an owner-user or investor seeking immediate market rent potential. The property sits within walking distance to Palmetto Avenue’s vibrant local scene, including restaurants, coffee shops, bars, boutique stores, and the annual Fog Festival. Enjoy easy access to Highway 1, Sharp Park Golf Course, Mori Point, and scenic coastal trails.
Built in 1959, this classic beachside duplex rests on a 3,510 square-foot lot and spans approximately 1,564 square feet of total building area. With separate water meters, very low expenses, and strong income potential, it’s a fantastic investment or 1031 exchange option in one of Pacifica’s most sought-after locations.
Offered at $995,000, this property blends beach-town charm, convenience, and solid cash flow — just steps from the sand.
PROPERTY FACTS
| Price Per Unit | $497,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,564 SF |
| Cap Rate | 4.22% | Average Occupancy | 50% |
| Gross Rent Multiplier | 15.77 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 2.56/1,000 SF |
| Zoning | Multifamily Residential | ||
| Price Per Unit | $497,500 |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| Gross Rent Multiplier | 15.77 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.07 AC |
| Building Size | 1,564 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | Multifamily Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,629 | 550 |
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