Residential Mixed Use Investment Opportunity 1625 Palmetto Ave 8 Unité Immeuble d’appartements 4 401 894 $ CAD (550 237 $ CAD/Unité) 4,99% Taux de capitalisation Pacifica, CA 94044

Open House scheduled for this Thursday 4/23 from 1pm-2pm. Please email Cole Simpson for the Offering Memorandum at cole.simpson@marcusmillichap.com
1625 Palmetto Ave is an exceptional mixed-use asset located in the thriving city of Pacifica, California.
Situated on a 10,835 square foot parcel of land, the subject property was originally constructed in 1981 and features a gross building area of approximately 7,480 square feet, offering tenants beautifully designed one-bedroom and retail floor plans with private balconies, garage parking.
1625 Palmetto presents a rare opportunity to acquire a premier mixed-use asset in one of the Bay Area’s most desirable coastal locations. Pacifica is a stunning beachfront city just fifteen minutes from San Francisco, offering a tranquil retreat from the dense, culturally rich environment of the greater Bay Area while remaining easily accessible via Highway 1 with convenient access to SFO and San Jose International Airport. The city is a nature lover’s paradise, boasting panoramic vistas, miles of hiking trails at destinations such as Mori Point, Milagra Ridge, and Sweeney Ridge, and expansive beaches including Rockaway Beach and Sharp Park Beach. Pacifica is also highly desirable for families, supported by top-ranking school districts and high-value homes commanding premium prices, with median home values around $1,400,000.
The investment appeal of this asset is further driven by Pacifica’s strong employment fundamentals and low vacancy levels, making 1625 Palmetto Ave an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.