Duplex Property With Mixed-Use
For Sale
$2,800,000
Pending
2310 Palmetto Avenue, Pacifica, CA 94044
Two residential units accompany a separate residence and commercial space with parking and garage facilities.
Property Size4,460 SF
Days on Market1820
Property Features for 2310 Palmetto Avenue
General Information
Standard status
Pending
Size
4,460 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Listing Agency:
Excel Realty Inc.
(916) 222-5306
Listed By:
Allyn Terpstra · License #01110825
(916) 952-2511
Source:
Exitrealty
Added: Oct 23, 2021
Changed: Sep 2
Last Checked: Sep 15 at 4:24AM
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 Excel Realty Inc.
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Investment Insights
Based on property information with market context.
This 4,460-square-foot property combines a residential duplex with an additional mixed-use building. The duplex includes two 1,130-square-foot units, each configured with two bedrooms, one bath, and a one-car garage. One unit offers a deck, while the other includes a backyard.
The Palmetto Avenue building contains an approximately 1,800-square-foot residence with two bedrooms, two full baths, a kitchen with granite slab counters, a large family room, balcony, and laundry area. The residence also includes an attached two-car garage, three rear parking spaces, and tandem parking through the breezeway. A separate 400-square-foot commercial area with a full bath provides additional space within the building.
Built in 2004, the property features copper plumbing and is located one block from the beach, Pacifica Pier, Sharp Park Golf Course, and walking and bike trails.
The Palmetto Avenue building contains an approximately 1,800-square-foot residence with two bedrooms, two full baths, a kitchen with granite slab counters, a large family room, balcony, and laundry area. The residence also includes an attached two-car garage, three rear parking spaces, and tandem parking through the breezeway. A separate 400-square-foot commercial area with a full bath provides additional space within the building.
Built in 2004, the property features copper plumbing and is located one block from the beach, Pacifica Pier, Sharp Park Golf Course, and walking and bike trails.
Key Highlights
- Two 1,130‑square‑foot duplex units, each with 2 bedrooms, 1 bath, and a 1‑car garage
- Approximately 1,800‑square‑foot residence with 2 bedrooms and 2 full baths
- Separate 400‑square‑foot commercial space with a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,075
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,881,500
$2.9M
Cap Rate 7%
$2,058,214
$2.1M
Cap Rate 9%
$1,600,833
$1.6M
Market Conditions
NOI Build-Up for 4,460 SF
Gross rent
$306.1K $68.64/SF
− Vacancy
−$75.6K −$16.95/SF
EGI
$230.5K $51.69/SF
− OpEx
−$86.4K −$19.38/SF
NOI
$144.1K $32.30/SF
Area
San Mateo County, CA
Vacancy
24.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,881,500
Cap Rate 7%
$2,058,214
Cap Rate 9%
$1,600,833
Alternative Uses
Best Use
Mixed Use
$2.06M
$1.80M – $2.40M
NOI $144,075 @ 7.0% cap · market cap 5.15%
Second Best
Multifamily LT 5
$1.85M
$1.62M – $2.16M
NOI $129,607 @ 7.0% cap · market cap 4.63%
Theoretical Best
Warehouse
$3.54M
$3.10M – $4.13M
NOI $247,984 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
477
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units accompany a separate residence and commercial space with parking and garage facilities.
Where is this duplex located?
The property is located at 2310 Palmetto Avenue Pacifica, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Two 1,130‑square‑foot duplex units, each with 2 bedrooms, 1 bath, and a 1‑car garage; Approximately 1,800‑square‑foot residence with 2 bedrooms and 2 full baths; Separate 400‑square‑foot commercial space with a full bath
