15 Santa Maria AVE, Pacifica, CA 94044
- $1,900,000
- 4,111
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: from
- List Price
- $1,900,000
- MLS#
- ML82058594
- Status
- ACTIVE
- Sqft. of Residence
- 4,111
- Lot Size
- 7,200
- Listing Area
- West Sharp Park
- Year Built
- 1960
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
- Acres
- 0.16
- Cooling System
- Ceiling Fan
- Floor Covering
- Carpet, Laminate, Tile, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Attached Garage, Uncovered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Washer/Dryer - Some Units
- Living Area
- 4,111
- Lot Description
- Views
- Lot Size
- 7,200
- Neighborhood
- West Sharp Park
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Bitumen
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- View
- Ocean View, Water
- Zoning
- Multifamily Commercial 5+
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