Triplex with Garage
For Sale
Under Contract
$1,399,000
2416 Palmetto Avenue, Pacifica, CA 94044
ResidentialIncome, Pacifica, CA
Property Size3,414 SF
Lot Size0.08 Acres
Price / SF$409.78
Days on Market35
Property Features for 2416 Palmetto Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-3
Parking
1
Parking features
Garage
Appliances
WasherDryer
Elementary school
Pacifica
High school
JeffersonUnionHigh
Elementary school district
Pacifica
High school district
JeffersonUnionHigh
Subdivision
WestSharpPark
Standard status
Active Under Contract
APN
016-315-360
Size
3,414 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
16980
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Amenities
shared laundry facilities
Building Details
Year built
1966
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Paul Beaudreau · License #01910286
(650) 627-3757
Added: Sep 18
Changed: Oct 21
Last Checked: Oct 22 at 1:06AM
MLS# ML82061561
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 3,414-square-foot triplex, built in 1966, contains two 2-bedroom, 2-bathroom residences and one 1-bedroom, 1-bathroom residence. The property has shared laundry, garage parking, and recent exterior paint. It sits on a 0.0796-acre lot and has composition roofing, public water, and public sewer service. Heating is provided by natural gas and electric systems.
The property is two blocks from Ocean Beach and close to shopping and recreational destinations. Highway 1 and I-280 provide regional road access, and the Daly City BART station is a 10-minute drive away.
The property is two blocks from Ocean Beach and close to shopping and recreational destinations. Highway 1 and I-280 provide regional road access, and the Daly City BART station is a 10-minute drive away.
Key Highlights
- 3,414‑square‑foot triplex on a 0.0796‑acre lot
- Two 2‑bedroom, 2‑bathroom residences and one 1‑bedroom, 1‑bathroom residence
- Shared laundry and garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,210
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,984,200
$2.0M
Cap Rate 7%
$1,417,286
$1.4M
Cap Rate 9%
$1,102,333
$1.1M
Market Conditions
NOI Build-Up for 3,414 SF
Gross rent
$151.6K $44.40/SF
− Vacancy
−$9.9K −$2.89/SF
EGI
$141.7K $41.51/SF
− OpEx
−$42.5K −$12.45/SF
NOI
$99.2K $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%
$1,984,200
Cap Rate 7%
$1,417,286
Cap Rate 9%
$1,102,333
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.65M
NOI $99,210 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,919 @ 7.0% cap · market cap 6.64%
Theoretical Best
Warehouse
$2.71M
$2.37M – $3.16M
NOI $189,825 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
452
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences share laundry facilities and include garage parking.
Where is this triplex located?
The property is located at 2416 Palmetto Avenue Pacifica, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,414‑square‑foot triplex on a 0.0796‑acre lot; Two 2‑bedroom, 2‑bathroom residences and one 1‑bedroom, 1‑bathroom residence; Shared laundry and garage parking
