Redwood City, CA 94063,3290 Rolison RD
Redwood City, CA 94063,3290 Rolison RD
Redwood City, CA 94063,3290 Rolison RD
Listed by Don Sung • Colliers Parrish International
Bought with Michael Henshaw • Marcus & Millichap
$4,415,000
Est. payment /mo
$4,500,000
1.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3 Beds
1 Bath
7,600 SqFt
SOLD DATE : 08/12/2022

Key Details

Sold Price $4,415,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 7,600 sqft

Price per Sqft $580

MLS Listing ID ML81890846

Sold Date 08/12/22

Bedrooms 3

Full Baths 1

Year Built 1962

Lot Size 10,000 Sqft

Property Sub-Type Five or More Units

Property Description

BUY A PROVEN PERFORMER: TIRELESS CASH-COW - Low Vacancy, High Rental Demand, Consistent Rental Income 8 Townhouse-Style Apartment Home Units (All 3 BR / 1 BA on 2-Levels) Each Unit Offers Private Front Yard & Enclosed Garage Parking. Current Cap Rate: 4.66% / Pro-Forma Cap Rate: 5.2% Current GRM: 14.1 / Pro-Forma GRM: 13.1 Cost/SF: $592/SF Consistent Rental History with Low Tenant Turnover Excellent Unit Mix All 8 Units Offer Three (3) BR / One (1) BA Units Townhouse Style on 2-Levels Attractive Assumable Loan From Provident CU 3 of 8 Units Receive Partial Housing Assistance, Providing Steady Rent Collection Supply-Constrained Core Mid-Peninsula Submarket Ideal Housing (3 BR + Private Yard + Enclosed Garages) for Working Families Easy Access to Highway 101, Marsh Rd, Woodside Rd, El Camino Real Proven Performer With Solid Cashflow & Value Appreciation Building SF: 7,600 SF / Lot Size: 10,000 SF / Cost Per SF: $592/SF

Location

State CA

County San Mateo

Area Dumbarton Etc.

Zoning R-3

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate

Exterior

Parking Features Detached Garage, Enclosed, Off-Street Parking

Garage Spaces 8.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 055-031-230

Security Features Security Fence,Security Lights

Special Listing Condition Not Applicable

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


MLSListings Inc. (MLSListings)

GET MORE INFORMATION

agent

Eddie Oberoi

+1(408) 771-4088

Agent | License ID: 01323567

Agent License ID: 01323567

Name

Phone*

Message