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$28,250,000
Est. payment /mo
1.05 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82025459
HOA Y/N No
Year Built 1965
Annual Tax Amount $360,081
Lot Size 1.048 Acres
Property Description
The Bluffs at Pacifica is a stunning 63-unit oceanfront apartment community at 360 & 380 Esplanade Ave in Pacifica, CA. Situated on a 3.26-acre parcel, the property offers a mix of three-, two-, one-bedroom, and studio floor plans across 57,367 SF. Residents enjoy premium amenities including private parking, EV charging, a fitness center, and a resident lounge. The property has undergone approximately $9.45M in upgrades, including interior renovations with upgraded kitchens and bathrooms, stainless steel appliances, granite countertops, smart thermostats and locks, in-unit washers and dryers, elegant wood flooring, and major bluff reinforcement. Its unbeatable coastal location provides easy access to San Francisco, local beaches, shopping, dining, and top employers, making it highly desirable for tenants. Surrounded by scenic views of the Pacific Ocean, nearby walking and biking trails, and a vibrant local community, the property offers a resort-like lifestyle with convenience and charm. Strong local fundamentals, low vacancy, and high rental demand enhance its long-term investment appeal, offering a rare opportunity for Bay Area investors seeking both lifestyle and value, with immediate upside potential for rent growth.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R30000
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 64
Building
Water Public
Schools
School District Other
Others
Tax ID 009131060
Special Listing Condition Standard
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Listed by Adam S. Levin Marcus & Millichap
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