15 Santa Maria Avenue, Pacifica, CA 94044
- $1,900,000
- List Price
- $1,900,000
- Status
- ACTIVE
- MLS#
- ML82058594
- Year Built
- 1960
- Lot Size
- 7,200
- Acres
- 0.17
- Days on Market
- 21
- Property Type
- Commercial
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.
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Additional Information
- Taxes
- $22,371
- Heat
- Wall Furnace
- Cooling
- Yes
- Roof
- Bitumen
- Water
- Public
- School District
- Other
- Elementary School
- Other
- Middle School
- Other
- High School
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $146,664
Listing courtesy of Listing Agent: Nate Gustavson (nate@gustavsongroup.com) from Listing Office: Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.