1 Paloma Ave Pacifica, CA 94044
Sharp Park NeighborhoodEstimated payment $17,917/month
About This Home
Don't miss this rare opportunity to invest in a 4-Unit Ocean Front apartment building! All units have a private balcony or ground floor outdoor space with breathtaking ocean views! 1 Paloma Avenue offers Coastal Living at its finest - Unobstructed wide ocean views, Ocean front walking trails, 1 street over from Palmetto Avenue, which offers shopping, eating, and entertainment! Close access to HWY-1 & I-280 and only 20 minutes to SF. 2 units offer (3) bedrooms & (1.5) bath and 2 units offer (2) bedrooms & (1) bathroom. Each unit has an enclosed garage space.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,560
Year Built
- 1964
Lot Details
- 5,049 Sq Ft Lot
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Tar and Gravel Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,119 Sq Ft Home
- 2-Story Property
- Ocean Views
Utilities
- Wall Furnace
- Heating System Uses Gas
Listing and Financial Details
Community Details
Overview
Building Details
- 3 Leased Units
- Insurance Expense $5,326
- Utility Expense $4,530
- Trash Expense $3,936
- Operating Expense $33,352
- Gross Income $109,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,560 | $1,375,902 | $434,490 | $941,412 |
| 2023 | $19,560 | $1,322,475 | $417,619 | $904,856 |
| 2022 | $17,799 | $1,296,545 | $409,431 | $887,114 |
| 2021 | $17,579 | $1,271,123 | $401,403 | $869,720 |
| 2020 | $17,538 | $1,258,091 | $397,288 | $860,803 |
| 2019 | $17,094 | $1,233,424 | $389,499 | $843,925 |
| 2018 | $16,363 | $1,209,240 | $381,862 | $827,378 |
| 2017 | $15,667 | $1,185,530 | $374,375 | $811,155 |
| 2016 | $15,581 | $1,162,285 | $367,035 | $795,250 |
| 2015 | $15,057 | $1,144,827 | $361,522 | $783,305 |
| 2014 | $15,279 | $1,122,403 | $354,441 | $767,962 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | For Sale | $2,995,000 | -- | $585 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $950,000 | Old Republic Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $845,000 | Unknown | |
| Previous Owner | $693,750 | Stand Alone First |
Source: MLSListings
MLS Number: ML81997993
APN: 016-011-110
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