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28249514
28249516

667 Crespi Dr, Pacifica, CA 94044

MA
CA DRE Lic#01978236
CJ
CA 01446257, CA
Coldwell Banker Residential Brokerage Northern California
Listed by Coldwell Banker Residential Brokerage Northern California
$3,400,000
204 days on market
Updated 1 day ago

667-669 Crespi Dr, Pacifica, Ca 94044

Details
APN 022-242-050
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 8,533
Net Rentable (SqFt) 7,184
Cap Rate 2.61%
NOI $88,757
Occupancy 80%
Price per SqFt $398
Year Built 1964
Buildings 1
Stories 2
Lot Size (SqFt) 18,295
Zoning C1
Investment Type Owner/User

Office | 2.61% CAP | 8,533 SqFt

Marketing description

Multi-Tenant medical and professional office building, in the heart of Pacifica's Linda Mar district. This investment opportunity, offers 7,184 sqft of gross leasable area on a 18,295 sqft lot, featuring 14 suites with 9 established tenants and 3 vacant units offering immediate upside potential. Tenancy is comprised of medical professionals, dentists, podiatrists, wellness providers, and other professionals, creating a stable and synergistic tenant mix. The property's flexible suite layout and zoning allow for continued multi-tenant operation or conversion to an owner-user headquarters with additional income from surrounding suites. With rents below market and vacancy upside, this asset presents a compelling value-add or owner-user investment along one of the most sought-after stretches of the Northern California coast. Located just off Hwy 1, the property benefits from excellent visibility and accessibility within walking distance to Linda Mar Beach, Safeway Shopping Center, and a vibrant mix of local anchor businesses including McDonald's, Starbucks, Chase Bank, and Ross. This highly desirable corridor along the San Mateo County Coast offers limited supply and consistent demand from professional and medical tenants seeking proximity to both San Francisco and the Mid-Peninsula.

Investment highlights

  • ±7,184 SF office/medical building on 18,295 SF lot

  • 14 suites | 9 tenants | 3 vacancies for lease-up upside

  • Established medical & professional tenant base

  • Steps from Linda Mar Beach & the Safeway Shopping Center

  • Easy access to Hwy-1 | Short commute to SF, SFO, & Silicon Valley

  • Rare coastal commercial asset with consistent long-term demand

Listing Contacts

MA
CA DRE Lic#01978236
CJ
CA 01446257, CA
Coldwell Banker Residential Brokerage Northern California
Listed by Coldwell Banker Residential Brokerage Northern California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$88,757.00
$7,396.42/mo

Valuation Metrics

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DSCR
2.61%
Cap Rate
2.61%
ROI

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