4-Unit Oceanfront
For Sale
$2,495,000
1 Paloma Avenue, Pacifica, CA 94044
ResidentialIncome, Pacifica, CA
Property Size5,119 SF
Lot Size0.12 Acres
Price / SF$487.40
Days on Market94
Property Features for 1 Paloma Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Parking features
Garage
View
Ocean
Elementary school
Pacifica
High school
JeffersonUnionHigh
Elementary school district
Pacifica
High school district
JeffersonUnionHigh
Subdivision
WestSharpPark
Standard status
Active
APN
016-011-110
Size
5,119 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
11013
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
private balcony
ground floor outdoor space
Building Details
Year built
1964
Floors in Building
2
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
Changed: Oct 21
Last Checked: Oct 22 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This 1964-built quadplex contains 5,119 square feet on a 0.1159-acre parcel. The four-unit mix includes two three-bedroom, one-and-a-half-bath apartments and two two-bedroom, one-bath apartments. Each residence has either a private balcony or ground-level outdoor space, along with an enclosed garage space.
The property is oceanfront, with unobstructed ocean views and access to coastal walking trails. Palmetto Avenue, with shopping, dining, and entertainment, is one street away. Highway 1 and I-280 provide nearby road access; San Francisco is described as a 20-minute drive. The property is zoned R3 and served by public water and sewer.
The property is oceanfront, with unobstructed ocean views and access to coastal walking trails. Palmetto Avenue, with shopping, dining, and entertainment, is one street away. Highway 1 and I-280 provide nearby road access; San Francisco is described as a 20-minute drive. The property is zoned R3 and served by public water and sewer.
Key Highlights
- Four apartments: two with 3 bedrooms and 1.5 bathrooms, and two with 2 bedrooms and 1 bathroom
- 5,119 square feet on a 0.1159‑acre lot
- Oceanfront setting with unobstructed 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.
How Realmo checks its estimates
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See the owner, sales and loan history
Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a private outdoor area and an enclosed garage space.
Where is this quadplex located?
The property is located at 1 Paloma Avenue 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 apartments: two with 3 bedrooms and 1.5 bathrooms, and two with 2 bedrooms and 1 bathroom; 5,119 square feet on a 0.1159‑acre lot; Oceanfront setting with unobstructed ocean views
