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$1,900,000
Est. payment /mo
4,111 SqFt
Open House
Thu Sep 03, 11:00am - 1:30pm
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,111 sqft
Price per Sqft $462
MLS Listing ID ML82058594
HOA Y/N No
Year Built 1960
Lot Size 7,200 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
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 Pacificas 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.
Location
State CA
County San Mateo
Zoning Mult
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate, Tile
Fireplace No
Appliance Refrigerator
Exterior
View Y/N true
View Water
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 016031230
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Listed by Nate Gustavson • Compass