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Listed by Steve Belluomini • Corcoran Icon Properties, DRE#01095848
$2,500,000
Est. payment /mo
4,992 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,992 sqft
Price per Sqft $500
MLS Listing ID ML82054736
Year Built 1946
Lot Size 5,000 Sqft
Property Sub-Type Five or More Units
Property Description
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 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.
Location
State CA
County San Mateo
Area Lenolt Etc.
Zoning r5
Interior
Heating Other
Cooling None
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Utilities Available Other
Roof Type Shingle
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 052-274-080
Security Features Other
Special Listing Condition Not Applicable
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