510 Avenue Alhambra, El Granada, CA 94018
510 Avenue Alhambra, El Granada, CA 94018
510 Avenue Alhambra, El Granada, CA 94018
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Eric Chu

Eric Chu

+1(650) 922-7449
Listed by Nate Gustavson • Compass, DRE#01898316
$3,750,000
Est. payment /mo
4 Beds
2 Baths
9,756 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,756 sqft

Price per Sqft $384

MLS Listing ID ML82046224

Bedrooms 4

Full Baths 2

Year Built 1973

Lot Size 0.333 Acres

Property Sub-Type Five or More Units

Property Description

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 (~675 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 (5.13% cap rate & 13.01 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.

Location

State CA

County San Mateo

Area Lower El Granada

Zoning C-1/S-3/DR, SM County

Rooms

Other Rooms Storage

Kitchen Countertop - Formica, Countertop - Granite, Countertop - Tile, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator, Varies by Unit

Interior

Heating Electric

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl / Linoleum

Laundry Coin Operated, Washer / Dryer

Exterior

Exterior Feature Balcony / Patio, BBQ Area

Parking Features Assigned Spaces, Carport

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View Mountains, Ocean, Panoramic

Roof Type Bitumen,Tar and Gravel

Building

Lot Description Grade - Mostly Level, Views

Foundation Concrete Perimeter

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions None

Tax ID 047-204-110

Security Features None

Special Listing Condition Not Applicable

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Eric Chu
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

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510 Avenue Alhambra