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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
Rarely Available, Pride-of-Ownership Westside RWC Multifamily Asset. Tree-Lined Street in Desirable, Quiet Palm Park Submarket, West of El Camino Real. Easy Access, Central Mid-Peninsula Location. Strong In-Place Cap Rate w/ Excellent Rental Upside. 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). Units Feature Hardwood Floors/LVT, Copper Plumbing, Updated Electrical. Lower-Level Units Feature Private Patios, Upper-Level Units Feature High-Ceiling, Skylights, and Private Balconies. Reliable, Steady Cashflow with Proven, Strong Rental History, Low Vacancy, and Low-Maintenance Mgmt. Well-Managed Asset with Strong In-Place Rents, Good Historical Tenancy. Easy Rental & Low Vacancy. Newer 1976 Construction vs. Majority of Peninsula Apartment Inventory (50's and 60's Construction). Multitude of Capital Improvements: Dual-Pane Windows, Roof, Water Heaters, Exterior Painting, etc. Close to Redwood City Cal-Train Station, 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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