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listing
1 of 21
Commercial
$29,925,000
380 Esplanade Avenue
Pacifica, CA 94044
Listed by Adam S. Levin DRE#01462752 [email protected] Marcus & Millichap
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$154,567/mo

Investors have the opportunity to acquire one of eight oceanfront multifamily properties along the coastline of Pacifica. The Bluffs at Pacifica offers tenants and residents beautifully designed three-bedroom, two-bedroom, one-bedroom and studio floor plans that feature modern unit amenities and scenic views. The subject property has recently undergone significant interior and exterior renovations costing approximately $1.7 million. Interior improvements include updated kitchens, stainless steel appliances, granite countertops, smart thermostats, smart door locks, in-unit washer and dryer, and wood flooring throughout. The subject property has recently been reinforced with a quarry stone revetment and a soil nail wall that extends from below the top of the revetment to near the bluff top costing nearly $7 million. These additions have contributed to the overall expenditure cost of approximately $8.7 million and greatly improved the property's resilience and longevity.

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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