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$6,300,000
Est. payment /mo
1 Bed
1 Bath
13,302 SqFt
UPDATED:
02/05/2025 10:15 PM
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,302 sqft
Price per Sqft $473
MLS Listing ID ML81992938
Style Flat
Bedrooms 1
Full Baths 1
Year Built 1964
Lot Size 10,890 Sqft
Property Description
Since 2020, this property has seen significant updates, with around $1 million invested in both interior and exterior renovations. It features fifteen spacious one-bedroom, one-bathroom units with open-concept floor plans. A portion of water, trash and sewer is billed back to landlord from the tenants. One of the units is currently vacant. The newly remodeled apartments highlight modern design elements, including premium Frigidaire stainless steel appliances, recessed LED lighting, engineered laminate flooring, and updated kitchens and bathrooms with snow white quartz countertops and high-end cabinetry. Many units also feature Wi-Fi-enabled lighting compatible with Amazon Alexa. Exterior improvements include a new TPO vinyl roof, refreshed landscaping, a new water heater, and a fresh coat of paint. The property offers 15 assigned garages, plus six additional parking spaces, along with private balconies for many units, a central communal area, and an on-site laundry room equipped with two washers and dryers. The property is conveniently across from Costco Wholesale, near downtown Redwood City, and close to employers like Meta and Google. With its strong appeal and excellent location, the property benefits from a robust rental market and historically low vacancy rates.
Location
State CA
County San Mateo
Area Dumbarton Etc.
Zoning RM
Interior
Heating Wall Furnace
Cooling Other
Exterior
Parking Features Assigned Spaces, Attached Garage
Garage Spaces 15.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch,Polyurethane
Building
Foundation Concrete Slab
Sewer Sewer - Private
Water Private / Mutual
Others
Restrictions Other
Tax ID 054-091-410
Security Features Other
Special Listing Condition Not Applicable
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Listed by Ray Rodriguez • Compass