Bought with Out of Area Office
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Key Details
Sold Price $6,410,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 16,867 sqft
Price per Sqft $380
MLS Listing ID ML81548161
Sold Date 03/29/16
HOA Y/N No
Year Built 1930
Lot Size 9,100 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
" Trophy 15-Unit Asset in the Most Desirable Part of Redwood City " Handsome, Iconic, One-of-a-Kind Edwardian Apartment Property " One of the Top 5, Most Unique Apartment Buildings in Redwood City " Spacious, Bright, and Airy Units With 9 Foot High Ceilings " 2nd & 3rd Level Units Enjoy Panoramic Views of Downtown Redwood City and Emerald Hills " Excellent Unit Mix: Twelve (12) Spacious 1 Bedroom/1 Bath & Three (3) Spacious Studio/1 Bath Units " Numerous Capital Upgrades: Fire Sprinkler System Throughout Building " Other Upgrades: Dual Pane Windows, Security Cameras " High Demand Rental Market Desirable Tenant Demographics " Only Minutes From Downtown Redwood City The Epicenter of Tech/Startup Expansion " No Rent Control With Substantial Rental Upside " Current Cap Rate: 3.18% / Current GRM: 17.78 " Pro-Forma Cap Rate: 4.77% / Pro-Forma GRM: 13.66
Location
State CA
County San Mateo
Interior
Heating Other
Cooling Ceiling Fan(s)
Fireplace No
Appliance Dishwasher, Refrigerator
Building
Water Public
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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