Oceanfront 4-Unit Apartment
For Sale
$2,495,000
1 Paloma AVE, Pacifica, CA 94044
Every residence has private outdoor space and ocean views, with an enclosed garage space assigned to each unit.
Property Size5,119 SF
Days on Market79
Property Features for 1 Paloma AVE
General Information
Standard status
Active
Size
5,119 SF
Total Parking Spaces
4
Property subtype
Fourplex
Units
Unit Mix
2 x 3BR/1.5BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,013
Building Details
Building Size
5,119 SF
Year Built
1964
Buildings
1
Listing Agency:
Coastside Associates Real Estate
Listed By:
Terry A. Ford · License #00908217
(650) 438-2504
Source:
Johnpaye
Added: Jul 21
Changed: Sep 29
Last Checked: Oct 5 at 10:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastside Associates Real Estate
Investment Insights
Based on property information with market context.
Built in 1964, this oceanfront apartment building contains four units. Two apartments have 3 bedrooms and 1.5 bathrooms, while the other two have 2 bedrooms and 1 bathroom. Each unit includes an enclosed garage space and private outdoor area, either a balcony or ground-level space, with ocean views.
Walking trails follow the oceanfront. Palmetto Avenue, one street away, provides shopping, dining, and entertainment. The property has access to HWY-1 and I-280, and San Francisco is approximately 20 minutes away.
Walking trails follow the oceanfront. Palmetto Avenue, one street away, provides shopping, dining, and entertainment. The property has access to HWY-1 and I-280, and San Francisco is approximately 20 minutes away.
Key Highlights
- Four‑unit oceanfront apartment building constructed in 1964
- Two units have 3 bedrooms and 1.5 bathrooms; two have 2 bedrooms and 1 bathroom
- Private balcony or ground‑floor outdoor area for each unit, with ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,757
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,140
$3.0M
Cap Rate 7%
$2,125,100
$2.1M
Cap Rate 9%
$1,652,856
$1.7M
Market Conditions
NOI Build-Up for 5,119 SF
Gross rent
$227.3K $44.40/SF
− Vacancy
−$14.8K −$2.89/SF
EGI
$212.5K $41.51/SF
− OpEx
−$63.8K −$12.45/SF
NOI
$148.8K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,140
Cap Rate 7%
$2,125,100
Cap Rate 9%
$1,652,856
Alternative Uses
Best Use
Multifamily LT 5
$2.13M
$1.86M – $2.48M
NOI $148,757 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$1.99M
$1.74M – $2.32M
NOI $139,324 @ 7.0% cap · market cap 5.58%
Theoretical Best
Warehouse
$4.07M
$3.56M – $4.74M
NOI $284,626 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 94044, CA
38,675
Population
14,609
Households
2.6
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
15.1 sq mi
ZIP Area
2,561
Density / Sq Mi
$156,658
Median Household Income
$75,296
Median Earnings
$3,075
Median Rent
$1,211,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Every residence has private outdoor space and ocean views, with an enclosed garage space assigned to each unit.
Where is this quadplex located?
The property is located at 1 Paloma AVE Pacifica, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Four‑unit oceanfront apartment building constructed in 1964; Two units have 3 bedrooms and 1.5 bathrooms; two have 2 bedrooms and 1 bathroom; Private balcony or ground‑floor outdoor area for each unit, with ocean views
