Oceanfront 4-Unit Apartment
1 Paloma AVE Pacifica, CA 94044
New
1 Paloma AVE, Pacifica, CA, 94044
$2,495,000
For Sale
$2,495,000
MULTI_FAMILY - PACIFICA, CA
Property Size5,119 SF
Lot Size0.12 Acres
Price / SF$487.40
Days on Market2
Property Features for 1 Paloma AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 10
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 10, Bedroom 7, Bedroom 5, Bedroom 9, Bedroom 8, Bedroom 4, Bedroom 3
- Parking features
- Garage - Attached
- Standard status
- Active
- Size
- 5,119 SF
- Lot size
- 0.12 Acres
Utilities
- Heating system
- Natural Gas, Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 4
- Roof type
- Tar/Gravel
Listing agency
Coastside Associates Real Estate
(650) 355-3800
Listed by
Terry A. Ford · License #00908217
(650) 438-2504
Added: Jul 21 Checked: Jul 22 at 3:06AM
MLS# ML82055027
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This oceanfront 4-unit apartment building features private outdoor space for every residence, with balconies on some units and ground-floor outdoor areas on others. Unit mix includes two units with three bedrooms and one and a half baths, and two units with two bedrooms and one bath. Each unit also has an enclosed garage space, supporting resident parking and storage. The property is situated on a 0.1159-acre lot and includes 5,119 square feet of building area.
Located in Pacifica, the building is one street over from Palmetto Avenue and near oceanfront walking trails. It also provides close access to HWY-1 and I-280. The property is zoned R3.
Located in Pacifica, the building is one street over from Palmetto Avenue and near oceanfront walking trails. It also provides close access to HWY-1 and I-280. The property is zoned R3.
Key Highlights
- 4‑unit oceanfront apartment building with unobstructed wide ocean views
- Each unit has a private balcony or ground‑floor outdoor space
- Unit mix: two units offer 3 bedrooms and 1.5 baths; two units offer 2 bedrooms and 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $227.3k | $44.40 |
| − Vacancy | −$14.8k | −$2.89 |
| EGI | $212.5k | $41.51 |
| − OpEx | −$63.8k | −$12.45 |
| NOI | $148.8k | $29.06 |
5,119 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit apartment building with private outdoor space and enclosed garage spaces for 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: 4‑unit oceanfront apartment building with unobstructed wide ocean views; Each unit has a private balcony or ground‑floor outdoor space; Unit mix: two units offer 3 bedrooms and 1.5 baths; two units offer 2 bedrooms and 1 bath
