$1,880,000
$2,500,000
24.8%For more information regarding the value of a property, please contact us for a free consultation.
8,703 Sqft Lot
SOLD DATE : 07/01/2022
Key Details
Sold Price $1,880,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40986486
Sold Date 07/01/22
HOA Y/N No
Year Built 1965
Annual Tax Amount $6,881
Lot Size 8,703 Sqft
Property Description
2316 Palmetto Ave presents an opportunity to purchase a multi-family/mix-use investment property in San Mateo County. This building was originally constructed in 1965 on a .20 acres in the Brighton Beach neighborhood. The City of Pacifica is located between South San Francisco and Half Moon Bay. This building has a total of 7 fully occupied units with long-term tenants. Upstairs has 5 1 bed/1bath units. Downstairs has 2 commercial/retail spaces. There is unit downstairs currently used as a management office that could be converted into an on-site laundry room. There are 4 carports for tenants with additional storage and an off-street, common parking area. The roof was replaced in approx. 2003. In it's current state of occupancy, the property is yielding a 4% cap rate. Opportunity for income growth or even opportunity to expand or add an additional building. Blocks from Pacifica Beach Park, Sharp Park Golf Course, downtown, restaurants, shopping & commute access! Views: Downtown
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 8
Building
Lot Description Street Level
Others
Tax ID 016315420
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Bought with OUT OF AREA OUT • OUT OF AREA - NON MEMBER
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