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$3,290,000
Est. payment /mo
10,850 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82055194
HOA Y/N No
Year Built 1976
Annual Tax Amount $36,163
Lot Size 10,850 Sqft
Property Description
Rare HIGH-CEILINGS, Pride-of-Ownership MF Asset on Tree-Lined Street in Desirable, West of El Camino Real Location. Easy Access & Easy to Self-Manage. Strong In-Place Cap Rate (4.47%) / GRM: 13.7 w/ Excellent Rental Upside. $459/SF. Nice Unit Mix: Four (4) Spacious 1 BR/1 BA (+/- 605 SF) / One (1) Large 2 BR/1 BA (+/- 828 SF) / Two (2) Oversized 2 BR/1.25 BA (+/- 887 SF). 1 Upcoming Vacancy Offers Immediate Repositioning Opportunity to Boost NOI and CAP Rate. Units Feature Hardwood Floors/LVT, Copper Plumbing, Square D 400-AMP Main Panel. Lower-Level Units Feature Private Patios, Upper-Level Units Feature High-Ceiling, Skylights, and Private Balconies. Reliable, Steady Cashflow. Low Vacancy. Low-Maintenance Mgmt. Multitude of Capital Improvements: Dual-Pane Windows, Roof, Water Heaters, Exterior Painting, New Fence, New Driveway, New Roof, and More. Newer 1976 Construction vs. Majority of Peninsula Apartment Inventory (50's and 60's Construction). Close to Redwood City Cal-Train, Downtown Redwood City, Downtown Menlo Park and Palo Alto/Stanford. Short Commute to Major Silicon Valley Employers: Meta, Google, Kaiser, Tesla, Stanford University, to Name a Few. Easy Access From SR-84/Woodside Rd, El Camino Real, Highways 101, 280, and Other Major Freeways.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R30000
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Carport Spaces 4
Roof Type Composition
Total Parking Spaces 7
Building
Lot Description Level
Water Public
Schools
School District Other
Others
Tax ID 059061090
Security Features Security Lights
Special Listing Condition Standard
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Listed by Don Sung Colliers Parrish International, Inc. #01935797
Nearby School & Business
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