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$ 1,900,000

Est. payment -/mo

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15 Santa Maria AVE Pacifica, CA 94044

3 Beds

2 Baths

4,111 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,111 sqft

Price per Sqft $462

Lot Size 7,200 Sqft

MLS Listing ID ML82058594

Bedrooms 3

Full Baths 2

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

Area West Sharp Park

Zoning Multifamily Commercial 5+

Rooms

Kitchen Countertop - Formica, Oven Range, Refrigerator, Varies by Unit

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Carpet, Laminate, Tile, Vinyl / Linoleum

1-purchase type For Sale

Exterior

Garage Attached Garage, Uncovered Parking

Garage Spaces 5

Utilities Available Individual Electric Meters, Individual Gas Meters

View Ocean, Water

Roof Type Bitumen

Building

Lot Description Views

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions None

Tax ID 016-031-230

Security Features None

Special Sale Not Applicable

Listed by Nate Gustavson of Compass
Bought with Nate Gustavson of Compass

Anita Mohamed

Broker Associate

+1(347) 903-3025 | stagesite-3.test@chime.me

15 Santa Maria AVE Pacifica, CA 94044

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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15 Santa Maria AVE