CA
San Mateo
EL GRANADA
94018
510 Avenue Alhambra
510 Avenue Alhambra, EL GRANADA, CA 94018
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Listing Type
Multi Family
Listing Status
Active
63
$3,750,000

Home Details for 510 Avenue Alhambra

Price
$3,750,000
Type
Residential Income
Square feet
9756
Year built
1973
County
San Mateo
Days on site
16
MLS Listing#
ML82046224
Listed By: Compass - 415-874-5000
Listed By: Nate Gustavson
Property Description

Welcome to the Beach Surf View Apartments located at 510 Avenue Alhambra in El Granada; a rare coastal nine (9) unit multifamily investment opportunity in the highly desirable Pillar Point neighborhood of El Granada. -- This well-maintained property offers stunning ocean views from every unit and an exceptional unit mix of three (3) spacious 2-Bedroom/1-Bath Penthouse units (~1,000 sqft) and six (6) classic 2-Bedroom/1-Bath units (~675 sqft). -- Originally constructed in 1973 and situated on a 14,490 sqft lot, the property features approximately 9,756 sqft of improvements with 7,479 sqft of rentable space. Each unit is individually metered with all-electric appliances, and the penthouse units include in-unit washer/dryers. -- Property amenities include nine (9) carports plus two (2) open spaces, on-site laundry for units without in-unit laundry, bike storage, resident storage lockers, and an owners storage room with bathroom and sink. -- SB-721 INSPECTION IS COMPLETED/PASSED, offering added peace of mind for investors. Ideally located just a short 10-minute walk to the beach and coastal promenade, this asset combines strong in-place income (5.13% cap rate & 13.01 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.

Property Features
  • Parking
    • Carport
    • Assigned
  • Cooling Information
    • None
  • Heating Information
    • Electric
  • Water Features
    • Public
School Information
School Information for 510 Avenue Alhambra, EL GRANADA, CA 94018
Elementary School
El Granada Elementary
Middle School
Manuel F. Cunha Intermediate
High School
Half Moon Bay High
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-05-19 02:10:28
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
408 778 9990
Agent
408 202 3243
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