SOLD 07/01/2022
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Commercial sold for $1,880,000 in 93 days
2316 Palmetto Ave Pacifica, CA, 94044
Off the market 5 or More Units
2316 Palmetto Ave presents an opportunity to purchase a multi-family/mix-use investment property in San Mateo County. This building was originally constructed in 1965 on a .20 acres in the Brighton Beach neighborhood. The City of Pacifica is located between South San Francisco and Half Moon Bay. This building has a total of 7 fully occupied units with long-term tenants. Upstairs has 5 1 bed/1bath units. Downstairs has 2 commercial/retail spaces. There is unit downstairs currently used as a management office that could be converted into an on-site laundry room. There are 4 carports for tenants with additional storage and an off-street, common parking area. The roof was replaced in approx. 2003. In it's current state of occupancy, the property is yielding a 4% cap rate. Opportunity for income growth or even opportunity to expand or add an additional building. Blocks from Pacifica Beach Park, Sharp Park Golf Course, downtown, restaurants, shopping & commute access!
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Property details
3,190 sqft interior area
View
Downtown, Other
Land area
8,703 sqft (0.20 acres)
Address
2316 Palmetto Ave, Pacifica, CA, 94044
City of California
Pacifica
County
San Mateo
Previous price
$2,500,000
Year Built
1965
District
San Mateo County
Nearby major retailers
Costco
Costco Tire Center
T-Mobile
Trader Joe's
Safeway
Lowe's
Wholesale: 1
Tyres: 1
Mobile phone: 2
Supermarket: 6
Do it yourself: 1
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Interior Features
Concrete, Laminate, Linoleum, Partial Carpeting floors
Floor Covering
Concrete, Laminate, Linoleum, Partial Carpeting
Garage & Parking
Carports - 2 Or More, Guest, Off Site, Parking Lot, Assigned, On Street
Utilities Included
Wired For Cable TV, All Public Utilities, Cable Available, Individual Electric Meter, Individual Gas Meter
Other rooms
Storage
Appliances
Gas Water Heater
Basement
None
Listed by
Nicole Quichocho, Yellow Brick Rd. REALTORS
Name
Nicole Quichocho
License number
01930852
Brokerage company
Yellow Brick Rd. REALTORS
MLS #
40986486
Buyer agent
Name
Out Of Area Out
Brokerage company
OUT OF AREA - NON MEMBER
Payment calculator
Calculate your monthly payments
Mortgage
$5,773
Taxes
$0
HOA dues
$0
Mortgage
$376,000 / 20%
2.28%
30 years
Your amount
$5,773 / month
Exterior Features
Brick, Stucco, Wood Siding construction and more
Construction
Brick, Stucco, Wood Siding
Lot details
TMK #016315420
Lot Description
Level
Parcel nr.
016315420
94044 info
Essentials nearby
Neighborhood stats
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94044
39%
Families with children
National average: 39%
30%
Non family households
214,241
Population
$123,907
Average Income
Age & gender
Median age 41 years
More info
Commute types
80% commute by car
More info
Education level
27% have bachelor education
More info
Number of employees
5% work in education and healthcare
More info
Vehicles available
38% have 2 vehicle
More info
Vehicles by gender
38% have 2 vehicle
More info
Housing market insights for
$1.17m
Neighborhood average
sales price*
sales price*
$1.2m
Neighborhood median
sales price*
sales price*
156
Number
of sales*
of sales*
Housing type
65% are single detacheds
More info
Rooms
37% of the houses have 4 or 5 rooms
More info
Bedrooms
61% have 2 or 3 bedrooms
More info
Owners vs Renters
63% are owners
More info
Schools
13 schools with rating up to 8
| School rating | Distance | |
|---|---|---|
|
Good Shepherd School
909 Oceana Blvd.,
Pacifica, CA 94044
Elementary School |
0.726mi | |
| out of 10 |
Ingrid B. Lacy Middle School
1427 Palmetto Avenue,
Pacifica, CA 94044
Middle School |
0.525mi |
| out of 10 |
Oceana High School
401 Paloma Avenue,
Pacifica, CA 94044
High School |
0.529mi |
| School rating | Distance | |
|---|---|---|
|
Good Shepherd School
909 Oceana Blvd.,
Pacifica, CA 94044
|
0.726mi | |
| out of 10 |
Vallemar Elementary School
377 Reina Del Mar Avenue,
Pacifica, CA 94044
|
1.271mi |
| out of 10 |
Ocean Shore Elementary School
411 Oceana Boulevard,
Pacifica, CA 94044
|
1.399mi |
| out of 10 |
Sunset Ridge Elementary School
340 Inverness Drive,
Pacifica, CA 94044
|
1.755mi |
| out of 10 |
Cabrillo Elementary School
601 Crespi Drive,
Pacifica, CA 94044
|
2.259mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ingrid B. Lacy Middle School
1427 Palmetto Avenue,
Pacifica, CA 94044
|
0.525mi |
|
Good Shepherd School
909 Oceana Blvd.,
Pacifica, CA 94044
|
0.726mi | |
| out of 10 |
Vallemar Elementary School
377 Reina Del Mar Avenue,
Pacifica, CA 94044
|
1.271mi |
| out of 10 |
Ocean Shore Elementary School
411 Oceana Boulevard,
Pacifica, CA 94044
|
1.399mi |
| out of 10 |
Cabrillo Elementary School
601 Crespi Drive,
Pacifica, CA 94044
|
2.259mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Oceana High School
401 Paloma Avenue,
Pacifica, CA 94044
|
0.529mi |
| out of 10 |
Terra Nova High School
1450 Terra Nova Boulevard,
Pacifica, CA 94044
|
2.82mi |
|
Alma Heights Christian Schools
1030 Linda Mar Bouelvard,
Pacifica, CA 94044
|
2.94mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jul 1, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jul 1, 2022 | Sold | $1,880,000 | 0 | Public Record |
| Jul 1, 2022 | Price Decrease | $1,880,000 -24.8% | 0 | MLS #40986486 |
| Jun 6, 2022 | Pending | $2,500,000 | 0 | MLS #40986486 |
| May 19, 2022 | Active - Contingent Remove | $2,500,000 | 0 | MLS #40986486 |
| Mar 31, 2022 | New Listing | $2,500,000 | 0 | MLS #40986486 |
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Frequently Asked Questions about 2316 Palmetto Ave
What is 2316 Palmetto Ave?
2316 Palmetto Ave is a Commercial/Industrial propertywith 3,190 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
2316 Palmetto Ave, Pacifica, CA, 94044.
What comparable properties are nearby?
Comparable nearby commercial properties include 411 Dondee St, 411 Dondee St, 1000 Mission Rd, 927/933 Green Ave, 94-272 90th St, 454 Railroad Ave.
Based on information from the bridgeMLS as of 04-29-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jul 02, 2022
Verhouse Last checked 5 minutes ago
The closest grocery stores are Oceana Market, 0.31 miles away and Sun Valley Market, 1.25 miles away.
The 94044 zip area has a population of 214,241, and 39% of the families have children. The median age is 41.1 years and 80% commute by car. The most popular housing type is "single detached" and 63% is owner.