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$3,650,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,064 sqft
Price per Sqft $329
MLS Listing ID ML81997638
Bedrooms 1
Full Baths 1
Year Built 1960
Lot Size 9,172 Sqft
Property Sub-Type Five or More Units
Property Description
5.98% DAY ONE CAP RATE. 11.48 DAY ONE GRM. Outstanding cash flow. Strong in-place RUBS & laundry income. Garage parking. In close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located 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. Easy access to highways 84, 280, 101. 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 Dumbarton Etc.
Zoning R3
Interior
Heating Gas
Cooling None
Exterior
Parking Features Attached Garage, Carport
Garage Spaces 9.0
Utilities Available Public Utilities
Roof Type Flat / Low Pitch,Tar and Gravel
Building
Foundation Concrete Slab
Sewer Sewer - Private
Water Individual Water Meter
Others
Restrictions None
Tax ID 055-161-220
Security Features Security Lights
Special Listing Condition Not Applicable
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Listed by Matthew Thomson • Compass