See all 16 photos
16 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,995,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,050 sqft
Price per Sqft $395
MLS Listing ID ML81997635
Bedrooms 4
Full Baths 2
Year Built 1964
Lot Size 5,500 Sqft
Property Sub-Type Five or More Units
Property Description
Prime 5-unit apartment building. Excellent unit mix: (3) 2+1, (2) 1+1. 5.78% DAY ONE CAP RATE. 11.97 DAY ONE GRM. Outstanding cash flow and strong in-place RUBS & laundry income. Ideally located west of the El Camino Real in close proximity to all the dining, shopping & entertainment amenities of downtown Redwood City. Strategically positioned between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination for businesses, residents, and visitors. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.
Location
State CA
County San Mateo
Area Central Park Etc.
Zoning R3
Interior
Heating Gas
Cooling None
Exterior
Parking Features Attached Garage, Carport
Garage Spaces 1.0
Utilities Available Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 053-282-310
Security Features Security Lights
Special Listing Condition Not Applicable
Read Less Info
© 2025 MLSListings Inc. All rights reserved.
Listed by Matthew Thomson • Compass