$2,495,000

Estimated payment $15,185/month

Total Views 78
10 Beds
6 Baths
5,119 Sq Ft
$487 Price per Sq Ft

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.

Listing Agent

Terry Ford

Coastside Associates Real Estate License #00908217 Listed on: 07/21/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Parking

  • 4 Car Attached 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

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $4,877
  • Utility Expense $1,508
  • Trash Expense $2,027
  • Operating Expense $19,425
  • Gross Income $158,064

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

5,053 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5119
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 5119
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • View: Ocean

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5050.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5050.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 15.78
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4877
  • Expenses Total: 19425
  • Expenses Utility: 1508
  • Expense Trash: 2027
  • Income Annual Gross: 158064.00
  • Income Annual Rental: 158064
  • Income Gross Scheduled: 158064
  • Income Includes: Rents
  • Meters: Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/21/2026 07/21/26 For Sale $2,495,000 -- $487 / Sq Ft
Source: MLSListings

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $950,000 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $845,000 Unknown
Previous Owner $693,750 Stand Alone First
Source: Public Records

Source: MLSListings

MLS Number: ML82055027

MLSListings

APN: 016-011-110

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