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$6,300,000
Est. payment /mo
0.25 Acres Lot
UPDATED:
02/21/2025 08:57 PM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML81992938
HOA Y/N No
Year Built 1964
Annual Tax Amount $69,521
Lot Size 10,890 Sqft
Property Description
Since 2020, this property has seen significant updates, with around $1 million invested in both interior and exterior renovations. It features fifteen spacious one-bedroom, one-bathroom units with open-concept floor plans. A portion of water, trash and sewer is billed back to landlord from the tenants. One of the units is currently vacant. The newly remodeled apartments highlight modern design elements, including premium Frigidaire stainless steel appliances, recessed LED lighting, engineered laminate flooring, and updated kitchens and bathrooms with snow white quartz countertops and high-end cabinetry. Many units also feature Wi-Fi-enabled lighting compatible with Amazon Alexa. Exterior improvements include a new TPO vinyl roof, refreshed landscaping, a new water heater, and a fresh coat of paint. The property offers 15 assigned garages, plus six additional parking spaces, along with private balconies for many units, a central communal area, and an on-site laundry room equipped with two washers and dryers. The property is conveniently across from Costco Wholesale, near downtown Redwood City, and close to employers like Meta and Google. With its strong appeal and excellent location, the property benefits from a robust rental market and historically low vacancy rates.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 6
Schools
School District Other
Others
Tax ID 054091410
Special Listing Condition Standard
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Listed by Ray Rodriguez • Compass