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In-PersonVirtual Tour
$ 1,900,000
Est. payment | /mo
7,200 Sqft Lot
$ 1,900,000
Est. payment | /mo
7,200 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82058594
HOA Y/N No
Year Built 1960
Annual Tax Amount $22,371
Lot Size 7,200 Sqft
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 699 - Not Defined
Zoning Multifamily Commercial 5+
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Bitumen
Total Parking Spaces 5
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 016031230
Special Listing Condition Standard
Listed by Nate Gustavson Compass #01898316
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