$3,575,000

510 Avenue Alhambra, El Granada CA, 94018

Price per sqft$366.44

Built in1973

Property size9,756 sqft

Property typeCommercial

Listed by Nate Gustavson CA DRE# 01898316 with Compass 415-786-9410

Overview

Active

Listed May 7, 2026

Updated 3 weeks ago

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 (~700 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 (5.43% cap rate & 12.40 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.

Additional information

MLS^® ID: ML82046224

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.33 Acres

Other Property Details

Taxes: $39,522
Tax Frequency: Annually
Maintenance Expense: $9,000

Listed by Nate Gustavson CA DRE# 01898316 with Compass 415-786-9410

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/14/2026 at 11:34 AM UTC Last Checked: 11:34 AM UTC