The subject property, 2040 Francisco Blvd is located in Pacifica's Salada Beach Subdivision, situated on a 5,400 square foot lot and consists of 5,850 square feet of living space with two stories of living space over 13 tuck under parking stalls. Each of the (12) one-bedroom/one bath units and (1) non conforming studio has carpet throughout. West facing top floor units have spectacular ocean views. The building also has an onsite laundry facility. The asset offers an investor a unique opportunity to acquire a well maintained property in one of the healthiest rental markets on the Peninsula. Rents on one bedroom/one bath apartments have increased 12% from Q1 2005 to Q1 2007 yielding exceptional rental growth potential. Within a few blocks of the property lies an 18 hole golf course along the Pacific Ocean,surfing on miles of ocean beaches, fishing piers, promenades, hiking trails, schools, and shopping areas. Pacifica is located just 12 miles south of San Francisco along the scenic coast of the Pacific Ocean. Known for its natural beauty, Pacifica is filled with numerous hiking trails through rolling hills that overlook the ocean surf and forested canyons. Rich in history, beauty and community spirit.
General Information
Category:
Income Commercial Property for Sale
Type:
Apartment Complex
Address:
2040 Francisco Blvd
Pacifica, CA 94044
San Mateo County
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