Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,992 sqft

Price per Sqft $500

MLS Listing ID ML82054736

HOA Y/N No

Year Built 1946

Lot Size 5,000 Sqft

Property Sub-Type Other

Source Datashare MLSListings

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

Interior

Heating Other

Cooling None

Fireplace No

Exterior

Handicap Access Other

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Vicky Van Brocklin

Broker | License ID: 01512910

+1(925) 785-6380

vicky@vickyvanbrocklin.com

3001 Bishop Drive Suite 300, San Ramon, CA 94583

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