$1,500,000
$1,499,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,072 SqFt
SOLD DATE : 06/11/2025
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $488
MLS Listing ID 425032248
Sold Date 06/11/25
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1963
Lot Size 4,344 Sqft
Acres 0.0997
Property Sub-Type Quadruplex
Property Description
73 Carmel Ave is a charming four-unit building, each featuring two bedrooms and one bathroom. Every unit includes two carport parking for tenants. With a gross annual income of $111,276 and an impressive 4.94% actual cap rate, this property represents a solid investment opportunity. Located just half a block from the water, the property offers easy access to Highway 1, nearby restaurants, schools, and more. Additionally, 73 Carmel Ave connects to 65 Carmel Ave, which is also available for sale. Buyers have the option to purchase either property separately or together for a comprehensive investment. Seller financing options are available. Don't miss out on this fantastic opportunity!
Location
State CA
County San Mateo
Area Pacifica
Interior
Cooling None
Fireplace No
Appliance Free-Standing Electric Range, Free-Standing Refrigerator
Laundry Common Area, Washer/Dryer Hookups
Exterior
Utilities Available Common Area Meter, Sewer Connected, Natural Gas Connected
View Water
Roof Type Flat
Handicap Access None
Building
Lot Description Shape Regular, Sidewalk
Story 2
Water Meter on Site, Public
New Construction No
Schools
School District San Mateo
Others
Tax ID 016012250
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "