ActiveCommercial · sale

510 Avenue Alhambra

El Granada, CA 94018

$3,575,000

  • 0.33 acres
  • Built 1973

Listed by Compass · MLS #ML82046224

510 Avenue Alhambra, El Granada, CA 94018 — photo 1 View full photo
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510 Avenue Alhambra, El Granada, CA 94018 · MLS #ML82046224

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A FEW THINGS TO NOTICE

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Year built

Built in 1973.

Property size

0.33 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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Welcome to the Beach Surf View Apartments located at 510 Avenue Alhambra in El Granada; a rare coastal nine (9) unit multifamily investment opportunity in the highly desirable Pillar Point neighborhood of El Granada. -- This well-maintained property offers stunning ocean views from every unit and an exceptional unit mix of three (3) spacious 2-Bedroom/1-Bath Penthouse units (~1,000 sqft) and six (6) classic 2-Bedroom/1-Bath units (~700 sqft). -- Originally constructed in 1973 and situated on a 14,490 sqft lot, the property features approximately 9,756 sqft of improvements with 7,479 sqft of rentable space. Each unit is individually metered with all-electric appliances, and the penthouse units include in-unit washer/dryers. -- Property amenities include nine (9) carports plus two (2) open spaces, on-site laundry for units without in-unit laundry, bike storage, resident storage lockers, and an owners storage room with bathroom and sink. -- SB-721 INSPECTION IS COMPLETED/PASSED, offering added peace of mind for investors. Ideally located just a short 10-minute walk to the beach and coastal promenade, this asset combines strong in-place income (5.43% cap rate & 12.40 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.
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THE NEIGHBORHOOD

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510 Avenue Alhambra, El Granada, CA 94018

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THE DETAILS

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Property type
CommercialSale
Category
Commercial
Year built
1973
Cooling
None
Heating
Electric
Zoning
C-1/S-3/DR, SM County
Parcel
047204110
Elementary school
Other
Middle school
Other
High school
Half Moon Bay
Annual property tax
$39,522.00
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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Listing information

MLS #ML82046224 · California Regional MLS

Listing brokerage: Compass
Listing agent: Nate Gustavson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.