CA > Redwood City
Redwood City, CA 94063,486 Beech ST
Redwood City, CA 94063,486 Beech ST
Redwood City, CA 94063,486 Beech ST
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Satya Dasari

Satya Dasari

+1(408) 666-6231
Listed by Nate Gustavson • Compass
$5,000,000
Est. payment /mo
1 Bed
1 Bath
13,582 SqFt
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Open House

Fri Nov 07, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,582 sqft

Price per Sqft $368

MLS Listing ID ML82026575

Bedrooms 1

Full Baths 1

Year Built 1962

Lot Size 8,811 Sqft

Property Sub-Type Five or More Units

Property Description

Exceptional 16-unit multifamily property located just three blocks from Downtown Redwood City, one of the Peninsulas most dynamic and rapidly growing rental markets. Built in 1962 and totaling approximately 13,582 square feet on an 8,800 square foot lot, the property features sixteen (16) spacious one-bedroom/one-bathroom units averaging about 520 square feet each. --- Every unit is individually metered for electricity and has been upgraded with BRAND NEW Square-D Electrical Sub-panels and NEW Dual-pane Windows, providing efficient operation and reduced maintenance costs. --- Recent building upgrades include a hot tar torch-down roof installed in 2007 (20+ yrs estimated remaining usable life), and owned coin-op laundry machines, tenant paid storage and parking for additional income. --- The location is highly desirable, just a short walk to the restaurants, shops, and entertainment of Downtown Redwood City, as well as Caltrain for convenient access to both San Francisco and San Jose. -- Combining strong in-place cash flow with a CURRENT CAP RATE of 5.45% and GRM of 11.48, 486 Beech Street gives the investor immediate value-add potential, in one of the Bay Area's a prime central locations.

Location

State CA

County San Mateo

Area Lenolt Etc.

Zoning R-3

Rooms

Other Rooms Laundry Room, Storage

Kitchen Countertop - Formica, Oven Range - Electric, Refrigerator

Interior

Heating Electric, Wall Furnace

Cooling None

Flooring Carpet, Laminate, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport , Covered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Bitumen,Flat / Low Pitch

Building

Lot Description Grade - Level, Regular

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions None

Tax ID 053-152-150

Security Features Other

Special Listing Condition Not Applicable

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Satya Dasari

Satya Dasari

+1(408) 666-6231

Agent | License ID: 01327436

Agent License ID: 01327436

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