2408 Palmetto AVE, Pacifica, CA 94044 – ML81971412

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

$3,500,000

Est. payment - /mo

3 Beds

2 Baths

6,520 SqFt

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UPDATED:

09/29/2024 08:52 PM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,520 sqft

Price per Sqft $536

MLS Listing ID ML81971412

Bedrooms 3

Full Baths 2

Year Built 1961

Lot Size 8,820 Sqft

Property Description

This eight-unit ocean-view apartment building offers a robust investment opportunity with steady rental income, appreciation potential, and prospective tax benefits. Each unit comes with a dedicated garage, adding to the property's appeal. Located in a high-demand area, the property experiences low vacancy rates. 2408 - 2412 Palmetto is situated in the picturesque coastal city of Pacifica, California, within San Mateo County. Known for its stunning ocean views, hiking trails, and six-mile coastline with public accessible beaches. Pacifica is a favored destination for surfing, beach combing, and various outdoor activities. The address is located in a residential neighborhood where residents benefit from proximity to local amenities. Accessibility is a notable feature, with access to Highway 1 (Cabrillo Highway) facilitating travel to nearby cities such as San Francisco and Daly City.

Location

State CA

County San Mateo

Area West Sharp Park

Zoning R2

Rooms

Kitchen Countertop - Granite, Exhaust Fan

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Vinyl / Linoleum

Exterior

Garage Attached Garage

Garage Spaces 8.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer in Street

Water Water On Site

Others

Restrictions None

Tax ID 016-315-300

Miscellaneous High Ceiling ,Vaulted Ceiling

Security Features None

Special Listing Condition Not Applicable

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Listed by Fred Rubio • Marcus & Millichap

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971