510 Avenue Alhambra, El Granada, CA 94018
510 Avenue Alhambra, El Granada, CA 94018
510 Avenue Alhambra, El Granada, CA 94018
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$3,750,000
Est. payment /mo
9,756 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,756 sqft

Price per Sqft $384

MLS Listing ID ML82046224

HOA Y/N No

Year Built 1973

Lot Size 0.333 Acres

Property Sub-Type Other

Property Description

Welcome to the Beach Surf View Apartments located at 510 Avenue Alhambra in El Granada; a rare coastal nine (9) unit multifamily investment opportunity in the highly desirable Pillar Point neighborhood of El Granada. -- This well-maintained property offers stunning ocean views from every unit and an exceptional unit mix of three (3) spacious 2-Bedroom/1-Bath Penthouse units (~1,000 sqft) and six (6) classic 2-Bedroom/1-Bath units (~675 sqft). -- Originally constructed in 1973 and situated on a 14,490 sqft lot, the property features approximately 9,756 sqft of improvements with 7,479 sqft of rentable space. Each unit is individually metered with all-electric appliances, and the penthouse units include in-unit washer/dryers. -- Property amenities include nine (9) carports plus two (2) open spaces, on-site laundry for units without in-unit laundry, bike storage, resident storage lockers, and an owners storage room with bathroom and sink. -- SB-721 INSPECTION IS COMPLETED/PASSED, offering added peace of mind for investors. Ideally located just a short 10-minute walk to the beach and coastal promenade, this asset combines strong in-place income (5.13% cap rate & 13.01 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.

Location

State CA

County San Mateo

Zoning C-1/

Interior

Heating Electric

Cooling None

Flooring Laminate, Tile

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Coin Operated

Exterior

View Y/N true

View Mountain(s)

Handicap Access Other

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 047204110

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Bridge MLS
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Listed by Nate Gustavson • Compass

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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510 Avenue Alhambra