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Steven Gary

steven@408houses.com +1(408) 644-3287

Listed by Nate Gustavson • Compass, DRE#01898316

$1,900,000

Est. payment - /mo

3 Beds

2 Baths

4,111 SqFt

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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

MLS Listing ID ML82058594

Bedrooms 3

Full Baths 2

Year Built 1960

Lot Size 7,200 Sqft

Property Sub-Type Five or More Units

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

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Attached Garage, Uncovered Parking

Garage Spaces 5.0

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 Listing Condition Not Applicable

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Steven Gary

+1(408) 644-3287

Realtor License ID: 01895061

15 Santa Maria AVE Pacifica, CA 94044

Steven Gary

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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15 Santa Maria AVE