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$3,650,000
Est. payment /mo
9,173 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81997638
HOA Y/N No
Year Built 1960
Annual Tax Amount $57,853
Lot Size 9,173 Sqft
Property Description
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 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.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R3
Interior
Cooling None
Fireplace No
Exterior
Roof Type Flat,Tar/Gravel
Total Parking Spaces 3
Schools
School District Other
Others
Tax ID 055161220
Security Features Security Lights
Special Listing Condition Standard
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Listed by Matthew Thomson • Compass