$3,425,000
$3,600,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
8,594 Sqft Lot
SOLD DATE : 09/29/2020
Key Details
Sold Price $3,425,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81765288
Sold Date 09/29/20
HOA Y/N No
Year Built 1963
Annual Tax Amount $41,151
Lot Size 8,594 Sqft
Property Description
UPDATED FINANCIALS, due to 1 vacancy and increases across the board. Rarely available eight unit building located in Rockaway Beach, Pacifica. Two structures on one parcel, that are mirror images of each other. Fresh paint and new landscaping. Good unit mix with six 2Brs and two 1Brs. Significant upside in rents, however current rents still make this an attractive investment. Located a short distance to the beach, close to hiking trails as well as the shops and restaurants of Rockaway Beach in Pacifica. Reletively easy commute to San Francisco allows for strong rental demographics and a good tenant profile. Now a 15.89 GRM and 4% Cap.
Location
State CA
County San Mateo
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Roof Type Bitumen
Building
Water Public
Schools
School District Other
Others
Tax ID 022027040
Financing Conventional
Special Listing Condition Standard
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Bought with Stanley Guan
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States