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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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,000,000
Est. payment /mo
8,812 Sqft Lot
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Open House

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

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82026575

HOA Y/N No

Year Built 1962

Annual Tax Amount $54,705

Lot Size 8,812 Sqft

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 699 - Not Defined

Zoning R-3

Interior

Heating Electric, Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 16

Roof Type Bitumen,Flat

Building

Lot Description Level

Water Public

Schools

Elementary Schools Hoover

Middle Schools John F. Kennedy

High Schools Sequoia

School District Other

Others

Tax ID 053152150

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Nate Gustavson Compass

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