Value-add opportunity in downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10 unit apartment community offering a compelling value-add investment opportunity in one of the Peninsulas most supply-constrained rental markets.… Read More Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential. Read Less
Courtesy of Marcus & Millichap, Jimmy Castellanos 408-483-5040
Listing Snapshot
Days Online
2
Last Updated
Property Type
Five Or More Units
Square Ft.
6,976
Lot Size
0.23 Acres
Year Built
1951
MLS Number
ML82054947
30 Days Snapshot Of 94061
$2.12M
-9%
(avg) sold price
18
-30%
homes sold
30
+76%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 9966.00, Max Area Units: Square Feet, Lot is 0.22878787878788 acres
Accessibility Features
None
Unit One
Rent: $956, 1 bedroom
Building
6,976 structure square feet, Age: 75, Built in 1951, 1 building, Construction type: Wood Frame, 10 minimum units in complex
Cooling
Window / Wall Unit
Foundation
Concrete Perimeter
Garage
Carport, Common Parking Area
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 70084
Parking
3 parking spaces
Property
Zoning: R-4
Roof
Composition, Shingle
Security Features
None
Taxes
Annual tax amount: $33,917
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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