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Multifamily

524 Monterey Rd

524 Monterey Rd, Pacifica, CA 94044

Listing Price: $4,500,000

Cap Rate
3.63%
Number of Units
8
Occupancy
97.0%
Price/Unit
$562,500
Price/Gross SF
$325.50
Gross SF
13,825

Investment Overview

524 Monterey Rd is a freestanding building in Westview neighborhood in the city of Pacifica. The subject property comprises (8) large One Bedroom/One Bath Units with private balconies that have stunning views of the ocean. 524 Monterey was constructed in 1992 and is situated on .77 acres of land with a building area of 5600 square feet. The property also offers its tenants the ease of parking with a top floor parking garage with 14 parking spaces. The subject property also has a laundry facility on-site. In addition to the 8 units, there is an additional non-conforming unit that is fully plumbed and wired with potential to be permitted into a 9th unit. 524 Monterey Rd offers renters close proximity to many of the nation’s top tech employers including Google, YouTube, Facebook, Oracle, Electronic Arts, Inc. (EA), Stanford, Cisco Systems, Visa, Sony, and many others. Residents 524 Monterey Rd also enjoy easy access to California State Route 1, State Route 35(Skyline Boulevard), as well as Interstate 280. The investment appeal of this asset is driven by the San Francisco Bay Area Peninsula’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco’s Bay Area, Marymount Gateway & The Summit at Skyline presents an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Unique Asset in a Great Pacifica Location
  • (8) Large One-Bedroom Units
  • Private Balconies with Breathtaking Views
  • On-site Parking Garage With Laundry Facility
  • Minutes Away From Beautiful Beaches and Hiking Trails

Exclusively Listed By

Multifamily

524 Monterey Rd

Listing Price: $4,500,000

Cap Rate
3.63%
Number of Units
8
Occupancy
97.0%
Price/Unit
$562,500
Price/Gross SF
$325.50
Gross SF
13,825

Investment Highlights

  • Unique Asset in a Great Pacifica Location
  • (8) Large One-Bedroom Units
  • Private Balconies with Breathtaking Views
  • On-site Parking Garage With Laundry Facility
  • Minutes Away From Beautiful Beaches and Hiking Trails

Investment Overview

524 Monterey Rd is a freestanding building in Westview neighborhood in the city of Pacifica. The subject property comprises (8) large One Bedroom/One Bath Units with private balconies that have stunning views of the ocean. 524 Monterey was constructed in 1992 and is situated on .77 acres of land with a building area of 5600 square feet. The property also offers its tenants the ease of parking with a top floor parking garage with 14 parking spaces. The subject property also has a laundry facility on-site. In addition to the 8 units, there is an additional non-conforming unit that is fully plumbed and wired with potential to be permitted into a 9th unit. 524 Monterey Rd offers renters close proximity to many of the nation’s top tech employers including Google, YouTube, Facebook, Oracle, Electronic Arts, Inc. (EA), Stanford, Cisco Systems, Visa, Sony, and many others. Residents 524 Monterey Rd also enjoy easy access to California State Route 1, State Route 35(Skyline Boulevard), as well as Interstate 280. The investment appeal of this asset is driven by the San Francisco Bay Area Peninsula’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco’s Bay Area, Marymount Gateway & The Summit at Skyline presents an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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