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15 Santa Maria Ave
Pacifica, CA 94044
Multifamily Property For Sale
·
5 Units
Investment Highlights
- New Electrical Main (2025) & New Subpanels (Siemens) Installed in 2026
- Roof: New Modified Bitumen CAP Sheet Roof 2025
- Located Half a Block from Annual Fog Festival on Palmetto Avenue
- New Sewer Lateral Clearance Certificate (2026)
- Additional 2,700 Sqft. Lot Included (APN: 016-031-210)
- West Sharp Park is widely considered the Most Desirable Neighborhood in Pacifica
Executive Summary
OPEN HOUSE ON THURSDAY (9/3/26) FROM 11:00AM-1:30PM -- 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 Pacifica’s 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. Combining stable cash flow, substantial recent upgrades, and long-term rental upside in one of Pacifica’s most desirable coastal locations, 15 Santa Maria Avenue represents a compelling investment opportunity just steps from the beach.
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. Combining stable cash flow, substantial recent upgrades, and long-term rental upside in one of Pacifica’s most desirable coastal locations, 15 Santa Maria Avenue represents a compelling investment opportunity just steps from the beach.
Property Facts
| Price Per Unit | $523,997 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.16% | Building Size | 4,111 SF |
| Gross Rent Multiplier | 12.95 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R30000 - Two Parcels APN - 016-031-230 (4,500 sqft) and APN - 016-031-210 (2,700 sqft) | ||
| Price Per Unit | $523,997 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,111 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R30000 - Two Parcels APN - 016-031-230 (4,500 sqft) and APN - 016-031-210 (2,700 sqft) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,819 CAD | 700 |
| 1+1 | 4 | $3,058 CAD | 525 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,431,546 CAD | |
| Land Assessment | $1,522,149 CAD | Total Assessment | $2,953,695 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,522,149 CAD
Improvements Assessment
$1,431,546 CAD
Total Assessment
$2,953,695 CAD
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