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… Read More 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. Read Less
Courtesy of Compass, Matthew Thomson 650-515-6555
Listing Snapshot
Days Online
23
Last Updated
Property Type
Five Or More Units
Square Ft.
11,064
Lot Size
0.21 Acres
Year Built
1960
MLS Number
ML81997638
30 Days Snapshot Of 94063
$1,729k
+7%
(avg) sold price
7
+133%
homes sold
29
+52%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 9172.00, Max Area Units: Square Feet, Lot is 0.21056014692378 acres
Accessibility Features
Parking
Unit One
Rent: $2,100, 1 bedroom
Building
11,064 structure square feet, Age: 65, Built in 1960, 1 building, Construction type: Wood Frame, 12 minimum units in complex
Cooling
None
Foundation
Concrete Slab
Garage
9 garage spaces, Attached Garage, Carport
Water Features
Individual Water Meter
Heating
Gas
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 98104
Parking
3 parking spaces
Property
Zoning: R3
Roof
Flat / Low Pitch, Tar and Gravel
Security Features
Security Lights
Taxes
Annual tax amount: $57,853
Sewer
Sewer - Private
Utilities
Separate Electric, Separate Gas, Public Utilities
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