2014 Palmetto Ave
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2014 Palmetto Ave
2,594 SF 100% Leased Office Building Pacifica, CA 94044 $1,495,000 ($576/SF) 3.74% Cap Rate
Investment Highlights
- 2,800 SF building with 4 units
- Versatile space for various business needs
- Prime location in Pacifica, CA
- Ample parking for tenants and visitors
Executive Summary
Ideal for the savvy investor or owner/user, 2014 Palmetto Ave presents a prime opportunity. This 2,800 SF building encompasses 4 distinct units, offering potential for versatile use and income streams. With long-term tenants in place, this property provides stability and a reliable income stream for the future. Zoned CL00C1, this property is strategically situated in the sought-after Pacifica area, guiding investors and owner/users toward a promising future. With its classic charm and functional layout, this property is a compelling prospect for those seeking a solid office/retail investment or seeking to occupy the space for their own use.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,594 SF
Building Class
C
Year Built
1935
Price
$1,495,000
Price Per SF
$576
Cap Rate
3.74%
NOI
$55,913
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,297 SF
Building FAR
0.27
Land Acres
0.22 AC
Zoning
CL00C1
Parking
6 Spaces (2.31 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | 016-181-110 | Total Assessment | $1,039,656 |
| Land Assessment | $750,865 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $288,791 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
016-181-110
Land Assessment
$750,865
Improvements Assessment
$288,791
Total Assessment
$1,039,656
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Brittany Saleem -
Brett Barron -
Capital Realty Group, Inc.
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2014 Palmetto Ave
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