380 Esplanade Ave


380 Esplanade Ave, Pacifica, CA 94044

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.

Key Property Information

Listing Status
Listing Type
Highest & best offer
Multifamily type
Garden Style
$ 29,925,000
No. of Units
Cap Rate
Year Built
Building Size
57,367 Sq ft
Lot Size
3.26 acres
Opportunity Zone
Price per unit
$ 467,578
View broker details
Sign in to use the inquiry form

37.651606, -122.493054