Well-Maintained 5-Unit Multifamily Property

$2,400,000

60 Paloma Avenue, Pacifica, CA 94044

For Sale

Multifamily

Active

Last Updated: 02/03/2026

Details:

Cap Rate: 5.07%

NOI: $120,050

Building Size: 4,120 sqft

Lot Area: 0.1 acres

Units: 5

Year Built: 1965

Price Per Sqft: $582.52

Price Per Unit: $480,000

Offered by

Angelo Baglieri

First Vice President

Marcus & Millichap

#01996324

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Description:

Marcus & Millichap is pleased to present the opportunity to own a well-maintained 5-unit multifamily property in the highly desirable coastal city of Pacifica, just minutes from San Francisco. Located in a quiet residential neighborhood with strong rental demand and limited inventory, this income-producing asset offers long-term upside and stable cash flow in one of the Bay Area's most resilient rental markets.

The building is compromised of four 2 bed 1 bath units and one junior 1 bedroom unit. Tenants enjoy four individual private garages and 4 side by side parking spaces along with a laundry room on the ground floor.

60 Paloma Avenue is situated in the picturesque coastal city of Pacifica, California, within San Mateo County. Known for its stunning ocean views, hiking trails, and six-mile coastline with accessible public beaches. Pacifica is a favored destination for surfing, beach combing, and various outdoor activities. The address is located in a residential neighborhood where residents benefit from proximity to local amenities.

Accessibility is a notable feature, with access to Highway 1 (Cabrillo Highway) facilitating travel to nearby cities such as San Francisco and Daly City. Public transportation options are available, and San Francisco International Airport (SFO) is around a 20-minute drive away, enhancing convenience for frequent travelers.

The area boasts a variety of amenities, including shopping centers, grocery stores, and diverse dining options, with Linda Mar Shopping Center being a local favorite, and tenants frequenting Eureka Square or Manor Center given proximity. Across the street from the Pacifica Library. Recreational opportunities abound, from Pacifica State Beach (Linda Mar Beach), Rockaway Beach and the trails of Sweeney Ridge, Montara Mountain, and Devil's slide.

Pacifica enjoys a mild Mediterranean climate, characterized by cool, wet winters and dry, mild summers, with frequent summer fog. Points of interest include the Pacifica Pier, Mori Point, Shelldance Orchid Gardens, and Sharp Park Golf Course, each offering unique recreational and scenic experiences.