About 15 Santa Maria Ave
Compass Commercial is pleased to announce the exclusive listing of 15 Santa Maria Avenue, located just steps from the Pacific Ocean. The subject property presents a rare five (5) unit multifamily investment opportunity in Pacificas highly sought-after West Sharp Park neighborhood. The property consists of one (1) spacious 2-Bedroom/1-Bath unit (~700 sqft) and four (4) 1-Bedroom/1-Bath units (~525 sqft each), complemented by a five-car garage and additional driveway parking. Constructed in 1960 and situated on a 4,500-square-foot lot, the property encompasses approximately 4,111 square feet of gross livable space. The offering also includes an adjacent 2,700-square-foot parcel, providing added value and future potential. Significant recent capital improvements include a new electrical main service (2025), new sewer lateral (2026), new modified bitumen cap sheet roof (2025), and new electrical sub-panels in all units (2026), all done with permits. Each unit is separately metered for gas and electricity. Currently 100% occupied, the asset generates strong in-place annual income of $146,664 and is offered at a current 5.16% cap rate and 12.95 GRM.
Features of 15 Santa Maria Ave
| MLS® # | ML82058594 |
|---|---|
| Price | $1,900,000 |
| Square Footage | 4,111 |
| Acres | 0.17 |
| Year Built | 1960 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 15 Santa Maria Ave |
|---|---|
| Area | West Sharp Park |
| City | PACIFICA |
| County | San Mateo |
| State | CA |
| Zip Code | 94044 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Parking Spaces | 5 |
| Garages | Attached Garage, Uncovered Parking |
| View | Ocean, Water |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Ceiling Fan |
| Fireplace | No |
Exterior
| Lot Description | Views |
|---|---|
| Roof | Bitumen |
| Foundation | Concrete Perimeter and Slab |
Additional Information
| Zoning | Multifamily Commercial 5+ |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Nate Gustavson |
|---|---|
| Office | Compass |
| Contact Info | 415-786-9410 |