380 Esplanade Avenue

Pacifica, CA, 94044

$29,925,000

$521 per ft²
$29,925,000
$521 per ft²
Active
Active
 - For Sale
carpenters-square
57,367 ft²
property_type
Commercial
calendar
Built 1962
Investors have the opportunity to acquire one of eight oceanfront multifamily properties along the coastline of Pacifica. The Bluffs at Pacifica offers tenants and residents beautifully designed three-bedroom, two-bedroom, one-bedroom and studio floor plans that feature modern unit amenities and scenic views. The subject property has recently undergone significant interior and exterior renovations costing approximately $1.7 million. Interior improvements include updated kitchens, stainless steel appliances, granite countertops, smart thermostats, smart door locks, in-unit washer and dryer, and wood flooring throughout. The subject property has recently been reinforced with a quarry stone revetment and a soil nail wall that extends from below the top of the revetment to near the bluff top costing nearly $7 million. These additions have contributed to the overall expenditure cost of approximately $8.7 million and greatly improved the property's resilience and longevity.
MLS® ID:
ML81921138
Listed:
3/8/23
Updated:
5/28/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
3.26 acres lot

Other Property Details

Area Name
Pacific Manor
Garage
No
Parking
N
View
N
County
San Mateo
Water Source
Public
Pool
No
Zoning
R300
Buyer Agency Compensation
0.75

Courtesy of Adam Levin with Marcus & Millichap
Listing Contact:  

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