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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.

LAST UPDATED 9/9/2026 YEAR BUILT 1973
COUNTY San Mateo STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School El Granada Elementary
Jr. High School Manuel F. Cunha Intermediate
High School Half Moon Bay High


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Disposal, Electric Range, Oven, Range, Range Hood, Refrigerator, Washer, Washer/Dryer
CONSTRUCTION Frame
HEAT Electric
LOT 14490 acre(s)
LOT DESCRIPTION Views
LOT DIMENSIONS 14490.00
PARKING Carport, Assigned
POOL DESCRIPTION None
SEWER Public Sewer
TAXES 39522
VIEW Yes
VIEW DESCRIPTION Mountain(s), Ocean, Panoramic
WATER Public
ZONING C-1/S-3/DR, SM County
Listed by Nate Gustavson | 415-786-9410, Compass

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 9/9/26 5:57 PM PDT. 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.

This IDX solution is (c) Diverse Solutions 2026.


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