True turnkey apartment building in excellent Redwood City location. Attractive Unit Mix: (2) Two-Bedroom / One Bath Units & (5) One-Bedroom / One-Bath Units. Four of the seven units are renovated. Several recent capital improvements including New roof, upgraded electrical meeting current insurance requirements, new catwalk, new exterior paint, new… Read More drainage & new water heater. Day One 4.53% Cap Rate (true Cap Rate w/ fair underwriting). Zero deferred maintenance. Outstanding west Redwood City location walking distance to Whole Foods. All tenants have extra storage space and sufficient parking. Close proximity to all the high-end shopping, dining and entertainment amenities of robust & booming downtown Redwood City. Easy access to Woodside Road and Highways 101 & 280. One of the strongest rental submarkets on the Peninsula led by a high-class tenant profile paying premium rents. Read Less
Listed by Compass, Matthew Thomson 650-515-6555
Listing Snapshot
Days Online
95
Last Updated
Property Type
Five Or More Units
Square Ft.
5,944
Lot Size
0.16 Acres
Year Built
1958
MLS Number
ML82016541
30 Days Snapshot Of 94061
$2.16M
+4%
(avg) sold price
22
+175%
homes sold
31
+82%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 7000.00, Max Area Units: Square Feet, Lot is 0.16069788797062 acres
Accessibility Features
Parking
Unit One
Rent: $2,750, 2 bedrooms
Unit Two
Rent: $2,295, bedroom 1
Building
5,944 structure square feet, Age: 67, Built in 1958, 1 building, Construction type: Wood Frame, 7 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter
Garage
Carport
Water Features
Public
Heating
Gas, Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 60506
Property
Zoning: R3
Roof
Composition, Shingle
Security Features
Security Lights
Taxes
Annual tax amount: $34,376
Sewer
Sewer - Public
Utilities
Separate Electric, Separate Gas, Public Utilities
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