NOT LISTED FOR SALE

2316 Palmetto Ave Pacifica, CA 94044

Sharp Park Neighborhood

Estimated Value: $1,697,102

-- Bed
-- Bath
3,190 Sq Ft
$532/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $1,880,000 $589 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $10,987/month

63 Days on Market

Highlights

  • Downtown View
  • No HOA
  • Wood Siding
  • Terra Nova High School Rated A-
  • Partially Carpeted
  • Wall Furnace

About This Home

As of July 2022

2316 Palmetto Ave presents an opportunity to purchase a multi-family/mix-use investment property in San Mateo County. This building was originally constructed in 1965 on a .20 acres in the Brighton Beach neighborhood. The City of Pacifica is located between South San Francisco and Half Moon Bay. This building has a total of 7 fully occupied units with long-term tenants. Upstairs has 5 1 bed/1bath units. Downstairs has 2 commercial/retail spaces. There is unit downstairs currently used as a management office that could be converted into an on-site laundry room. There are 4 carports for tenants with additional storage and an off-street, common parking area. The roof was replaced in approx. 2003. In it's current state of occupancy, the property is yielding a 4% cap rate. Opportunity for income growth or even opportunity to expand or add an additional building. Blocks from Pacifica Beach Park, Sharp Park Golf Course, downtown, restaurants, shopping & commute access!

Last Agent to Sell the Property

Nicole Quichoco

Ybr Properties, Inc License #01930852 Listed on: 03/31/2022

Co-Listed By

Mariann Powada

Ybr Properties, Inc License #02002724

Last Buyer's Agent

OUT OF AREA OUT

OUT OF AREA - NON MEMBER License #88888888

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,703

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stucco

Flooring

  • Partially Carpeted
  • Linoleum
  • Laminate
  • Concrete

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Carport
  • On-Street Parking
  • Parking Lot
  • Assigned Parking

Utilities

  • No Cooling
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Downtown Views
  • Washer and Dryer Hookup
  • 8,703 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 3,190 Sq Ft Building
  • Contra Costa Association

Listing and Financial Details

  • Assessor Parcel Number 016315420

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Year Built: 1965
  • Property Sub Type: 5 or More Units
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.2
  • Co List Office Mls Id: CCMARCUNRE
  • Directions: Francisco Blvd to Montecito Ave
  • Carport Y N: Yes
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Flooring: Concrete, Laminate, Linoleum, Partial Carpeting
  • Basement: None
  • Appliances: Gas Water Heater
  • Interior Amenities: Storage
  • Window Features: Window Coverings

Exterior Features

  • Lot Features: Level
  • View: Downtown, Other
  • View: Yes
  • Construction Type: Brick, Stucco, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carports - 2 Or More, Guest, Off Site, Parking Lot, Assigned, On Street

Utilities

  • Heating: Wall Furnace
  • Utilities: Wired For Cable TV, All Public Utilities, Cable Available, Individual Electric Meter, Individual Gas Meter
  • Cooling: None
  • Laundry Features: Washer/Dryer Hookups
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: CONTRA COSTA
  • Association: No

Lot Info

  • Lot Size Sq Ft: 8703
  • Parcel Number: 016315420
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2023
Sold by
Li Chun Fan and San Lan
Bought by
2316 Palmetto Ave Llc
Current Estimated Value
$1,697,102

Purchase Details

Listed on
Mar 31, 2022
Closed on
Jun 24, 2022
Sold by
Tony G Lee And Jeanette L Lee Revocable
Bought by
Li Chun Fan and Tong San Lan
Seller's Agent
Nicole Quichoco
Ybr Properties, Inc
Buyer's Agent
OUT OF AREA OUT
OUT OF AREA - NON MEMBER
List Price
$2,500,000
Sold Price
$1,880,000
Premium/Discount to List
-$620,000
-24.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.87%

Purchase Details

Closed on
Dec 21, 1995
Sold by
Lee Tony G and Lee Jeanette L
Bought by
Lee Tony G and Lee Jeanette L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2316 Palmetto Ave Llc -- --
Li Chun Fan $1,880,000 Chicago Title
Lee Tony G -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,880,000 -- --
07/01/2022 07/01/22 Sold $1,880,000 -24.8% $589 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $2,500,000 -- $784 / Sq Ft
Source: Contra Costa Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $25,458 $1,955,952 $1,123,632 $832,320
2023 $25,458 $1,880,000 $1,080,000 $800,000
2022 $8,144 $173,237 $60,050 $113,187
2021 $7,665 $169,841 $58,873 $110,968
2020 $6,882 $168,101 $58,270 $109,831
2019 $6,609 $164,806 $57,128 $107,678
2018 $5,981 $161,575 $56,008 $105,567
2017 $5,670 $158,408 $54,910 $103,498
2016 $5,658 $155,303 $53,834 $101,469
2015 $5,427 $152,971 $53,026 $99,945
2014 $5,626 $149,976 $51,988 $97,988
Source: Public Records

Agents Affiliated with this Home

  • Nicole Quichoco

    Seller's Agent in 2022

    Nicole Quichoco

    Ybr Properties, Inc

    (925) 408-2585

    3 in this area

    23 Total Sales

    Nicole Quichoco
    Section Image
  • Mariann Powada

    Seller Co-Listing Agent in 2022

    Mariann Powada

    Ybr Properties, Inc

    (925) 683-8862

    3 in this area

    12 Total Sales

    Mariann Powada
    Section Image

  • O

    Buyer's Agent in 2022

    OUT OF AREA OUT

    OUT OF AREA - NON MEMBER

See All Agents

Map

Source: Contra Costa Association of REALTORS®

MLS Number: 40986486

Contra Costa Association of REALTORS®

APN: 016-315-420

California San Mateo County Pacifica 94044 Sharp Park

2316 Palmetto Ave, Pacifica, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Contra Costa Association of REALTORS® Bay East ©2025. BridgeMLS ©2025, CCAR ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, BridgeMLS or CCAR MLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearby Homes