Well-Located Apartment Investment ±4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a ±5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with… Read More immediate cash flow at close. Downtown Redwood City · Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold. Read Less
Courtesy of Corcoran Icon Properties, Steve Belluomini (650) 281-8877
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
4,992
Lot Size
0.11 Acres
Year Built
1946
MLS Number
ML82054736
30 Days Snapshot Of 94063
$1.72M
+19%
(avg) sold price
3
-75%
homes sold
26
+44%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5000.00, Max Area Units: Square Feet, Lot is 0.1147842056933 acres
Accessibility Features
Other
Building
4,992 structure square feet, Age: 80, Built in 1946, 1 building, 5 minimum units in complex
Cooling
None
Foundation
Other
Garage
4 garage spaces, Assigned Spaces
Water Features
Other
Heating
Other
Tenant Pays
Other
Miscellaneous
Total expenses: 51913
Parking
5 parking spaces
Property
Zoning: r5
Roof
Shingle
Security Features
Other
Taxes
Annual tax amount: $27,517
Sewer
Other
Utilities
Master Gas, Master Water, Other
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the 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. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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