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Listed by Colliers Parrish International, Inc.
$ 3,290,000
Est. payment | /mo
7,173 SqFt
$ 3,290,000
Est. payment | /mo
7,173 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,173 sqft
Price per Sqft $458
MLS Listing ID ML82055194
HOA Y/N No
Year Built 1976
Lot Size 10,850 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Electric
Cooling None
Flooring Hardwood, Tile
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Coin Operated
Building
Lot Description Level
Water Public
Nearby Locations
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