2408 Palmetto Ave

Beds
Baths
6,520 Sq. Ft.
$521 / Sq. Ft.
6,520
Sq. Ft.
$521
per Sq. Ft.

Description

Wonderful investment opportunity with 8 units just minutes from San Francisco and the Central Peninsula. Two separate buildings. Updated units with 4 - 1 bedroom, 1 bath and 4 - 2 bedroom, 1 bath units. All units are occupied.Wonderful investment opportunity with 8 units just minutes from San Francisco and the Central Peninsula. Two separate buildings. Updated units with 4 - 1 bedroom, 1 bath and 4 - 2 bedroom, 1 bath units. All units are occupied.
  1. Listed by Jaime Gonzalez • DRE #01126649 • Brokerage DRE #01809990 • RE/MAX Mid-peninsula, R.C. • 650-306-1310

Property Details for 2408 Palmetto Avenue

MLS City Name
PACIFICA
Building Type
Other
Style
Traditional
Garage Spaces
8
Parking Spaces
0
LISTING UPDATED: 06/05/2025 02:24 AM

Property Details for 2408 Palmetto Avenue

StatusSold
MLS #ML81798199
Days on Compass15
Taxes$31,377 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.20 AC / 8,820 SF
CountySan Mateo County

Location

Listing Courtesy of RE/MAX Mid-peninsula, R.C., Jaime Gonzalez, DRE #01126649

Sold By Newmark Cornish & Carey, Scott Kilpatrick, DRE #01494415; Out of Area Office, RECIP, DRE #00000000

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Building Information for 2408 Palmetto Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.20 AC / 8,820 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$19,161 per month

30 year fixed, 6.15% Interest

Principal and Interest

$16,547

Property Taxes

$2,615

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2408 Palmetto Avenue

Features
Room Information
  • Kitchen: Hood Over Range, Oven Range - Electric, Refrigerator
Features
  • Fireplace: No
  • Flooring: Hardwood, Tile
  • Laundry: Hookups Only
  • Living SqFt: 6520
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Detached Garage, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: West Sharp Park
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2408
  • Street Name: Palmetto
  • Street Suffix: Avenue
  • Area ID: 658
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 6520
  • Structure SqFt Source: Assessor
  • Age: 59
Development Information
  • Ownership Type: Corporation
  • Zoning Detail: C3
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 016-315-300
  • County Name: San Mateo
  • City Name: PACIFICA
  • City Postal ID: 45
  • Postal Code: 94044
  • Elementary School District: 928
  • High School District Text: Jefferson Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $31,377
  • Capitalization Rate: 5.06
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $5,994
  • Expense Landscape: $1,950
  • Expense Maintenance: $12,776
  • Expense Management: $6,000
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $7,527
  • Expenses Total: $65,624
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 14.31
  • Income Annual Gross: $237,316
  • Income Annual Rental: $237,316
  • Income Gross Scheduled: $237,316
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,500
Unit 2 Information
  • Unit 2 Approx Square Footage: 425
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,390
Unit Type 1
  • Unit Type1 Approx SqFt: 715

Property History for 2408 Palmetto Avenue

DateEvent & SourcePriceAppreciation
Aug 28, 2025

Withdrawn

EBRD #ML82002300

Aug 28, 2025

Withdrawn

MLSListings #ML82002300

$3,425,000
Apr 12, 2025

Listed (Active)

EBRD #ML82002300

$3,425,000
Apr 11, 2025

Listed (Active)

MLSListings #ML82002300

$3,425,000
Dec 16, 2024

Withdrawn

EBRD #ML81971412

Dec 16, 2024

Withdrawn

MLSListings #ML81971412

$3,500,000
Jun 28, 2024

Listed (Active)

EBRD #ML81971412

$3,500,000
Jun 28, 2024

Listed (Active)

MLSListings #ML81971412

$3,500,000
Sep 25, 2020

Sold

EBRD #ML81798199

Sep 25, 2020

Temporarily Off Market

EBRD #ML81798199

Sep 24, 2020

Sold

EBRD #ML81798199

$3,395,000
Sep 24, 2020

Sold

MLSListings #ML81798199

$3,395,000
Sep 15, 2020

Sold (Public Record)

Public Record #680527246

$3,395,000

+205.6% / yr

Jul 21, 2020

Pending

EBRD #ML81798199

Jul 19, 2020

Temporarily Off Market

EBRD #ML81798199

Jul 19, 2020

Pending

MLSListings #ML81798199

Jul 19, 2020

Pending

EBRD #ML81798199

Jul 10, 2020

Sold (Public Record)

Public Record #673754051

$2,766,000

+3.8% / yr

Jun 25, 2020

Listed (Active)

EBRD #ML81798199

$3,395,000
Jun 25, 2020

Listed (Active)

MLSListings #ML81798199

$3,395,000
Feb 27, 2015

Sold

MLSListings #ML81437563

$2,260,000
Feb 27, 2015

Sold

EBRD #ML81437563

$2,260,000
Feb 27, 2015

Sold

RESFAR #81437563

$2,260,000
Feb 24, 2015

Sold (Public Record)

Public Record #489964910

$2,260,000
Jan 28, 2015

Pending

RESFAR #81437563

Jan 28, 2015

Pending

EBRD #ML81437563

Jan 28, 2015

Pending

MLSListings #ML81437563

Oct 17, 2014

Listed (Active)

EBRD #ML81437563

$2,350,000
Oct 17, 2014

Listed (Active)

MLSListings #ML81437563

$2,350,000
Oct 17, 2014

Listed (Active)

RESFAR #81437563

$2,350,000
May 28, 2004

Sold

EBRD #ML80387538

$1,325,000
May 28, 2004

Sold

RESFAR #80387538

$1,325,000
May 28, 2004

Sold

MLSListings #ML80387538

$1,325,000
Apr 20, 2004

Pending

RESFAR #80387538

Apr 20, 2004

Pending

MLSListings #ML80387538

Apr 20, 2004

Pending

EBRD #ML80387538

Mar 31, 2004

Listed (Active)

MLSListings #ML80387538

$1,400,000
Mar 31, 2004

Listed (Active)

EBRD #ML80387538

$1,400,000
Mar 31, 2004

Listed (Active)

RESFAR #80387538

$1,400,000
DateEvent & SourcePrice
08/28/2025

Withdrawn

EBRD #ML82002300

08/28/2025

Withdrawn

MLSListings #ML82002300

$3,425,000
04/12/2025

Listed (Active)

EBRD #ML82002300

$3,425,000
04/11/2025

Listed (Active)

MLSListings #ML82002300

$3,425,000
12/16/2024

Withdrawn

EBRD #ML81971412

12/16/2024

Withdrawn

MLSListings #ML81971412

$3,500,000
06/28/2024

Listed (Active)

EBRD #ML81971412

$3,500,000
06/28/2024

Listed (Active)

MLSListings #ML81971412

$3,500,000
09/25/2020

Sold

EBRD #ML81798199

09/25/2020

Temporarily Off Market

EBRD #ML81798199

09/24/2020

Sold

EBRD #ML81798199

$3,395,000
09/24/2020

Sold

MLSListings #ML81798199

$3,395,000
09/15/2020

Sold (Public Record)

Public Record #680527246

$3,395,000

+205.6% / yr

07/21/2020

Pending

EBRD #ML81798199

07/19/2020

Temporarily Off Market

EBRD #ML81798199

07/19/2020

Pending

MLSListings #ML81798199

07/19/2020

Pending

EBRD #ML81798199

07/10/2020

Sold (Public Record)

Public Record #673754051

$2,766,000

+3.8% / yr

06/25/2020

Listed (Active)

EBRD #ML81798199

$3,395,000
06/25/2020

Listed (Active)

MLSListings #ML81798199

$3,395,000
02/27/2015

Sold

MLSListings #ML81437563

$2,260,000
02/27/2015

Sold

EBRD #ML81437563

$2,260,000
02/27/2015

Sold

RESFAR #81437563

$2,260,000
02/24/2015

Sold (Public Record)

Public Record #489964910

$2,260,000
01/28/2015

Pending

RESFAR #81437563

01/28/2015

Pending

EBRD #ML81437563

01/28/2015

Pending

MLSListings #ML81437563

10/17/2014

Listed (Active)

EBRD #ML81437563

$2,350,000
10/17/2014

Listed (Active)

MLSListings #ML81437563

$2,350,000
10/17/2014

Listed (Active)

RESFAR #81437563

$2,350,000
05/28/2004

Sold

EBRD #ML80387538

$1,325,000
05/28/2004

Sold

RESFAR #80387538

$1,325,000
05/28/2004

Sold

MLSListings #ML80387538

$1,325,000
04/20/2004

Pending

RESFAR #80387538

04/20/2004

Pending

MLSListings #ML80387538

04/20/2004

Pending

EBRD #ML80387538

03/31/2004

Listed (Active)

MLSListings #ML80387538

$1,400,000
03/31/2004

Listed (Active)

EBRD #ML80387538

$1,400,000
03/31/2004

Listed (Active)

RESFAR #80387538

$1,400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2408 Palmetto Avenue

Taxable ValueLand$1,697,000Additions$1,603,000Total$3,300,000
Tax Record2024$45,767 ($3,814 / month)
Home Facts
Baths8Total Finished SqFt6,520 SqFtAbove Grade Finished SqFt6,520 SqFtStories2Lot Size8,703 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountySAN MATEOAPN016-315-300

Schools near 2408 Palmetto Avenue

This home is within Pacifica School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 8
Public - K to 8
Rating
School
Distance
Sunset Ridge Elementary School
PublicK to 5

Ortega Elementary School
PublicK to 5

Ocean Shore Elementary School
PublicK to 8

Vallemar Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Mid-peninsula, R.C., Jaime Gonzalez, DRE #01126649

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.