This eight-unit ocean-view apartment building offers a robust investment opportunity with steady rental income, appreciation potential, and prospective tax benefits. Each unit comes with a dedicated garage, adding to the property's appeal. Located in a high-demand area, the property experiences low vacancy rates. 2408 - 2412 Palmetto is situated in the picturesque coastal city of Pacifica, California, within San Mateo County. Known for its stunning ocean views, hiking trails, and six-mile coastline with public accessible beaches. Pacifica is a favored destination for surfing, beach combing, and various outdoor activities. The address is located in a residential neighborhood where residents benefit from proximity to local amenities. Accessibility is a notable feature, with access to Highway 1 (Cabrillo Highway) facilitating travel to nearby cities such as San Francisco and Daly City.
MLS# | ML81971412 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1961 |
Days On Site | 75 |
Listing Provided By | Marcus & Millichap (650) 391-1700 | Fred Rubio |
SQ Feet | 6,520 |
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Building(s) | 2 |
Zoning | R2 |
Acreage | 0.20 |
State | CA |
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County | San Mateo |
City | Pacifica |
Zip Code | 94044 |
Area | 699 Not Defined |
Listing VS Median (in 94044) | |
Price: $3,500,000 low | high Med: $1,195,000 SqFt: 6,520 low | high Med: 1,130 $ / SqFt: $537 low | high Med: $1,058 On Site: 75 low | high Med: 48.000000 |