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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Don Sung • Colliers Parrish International, Inc., DRE#01935797

$ 3,290,000

Est. payment | -/mo

5 Beds

2.5 Baths

7,173 SqFt

Save

$ 3,290,000

Est. payment | -/mo

Save

5 Beds

2.5 Baths

7,173 SqFt

Key Details

Property Type Commercial Multi-Residential (5 units)

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,173 sqft

Price per Sqft $458

MLS Listing ID ML82055194

Bedrooms 5

Full Baths 2

Half Baths 1

Year Built 1976

Lot Size 10,850 Sqft

Property Sub-Type Five or More Units

Property Description

Rare HIGH-CEILINGS, Pride-of-Ownership MF Asset on Tree-Lined Street in Desirable, West of El Camino Real Location. Easy Access & Easy to Self-Manage. Strong In-Place Cap Rate (4.47%) / GRM: 13.7 w/ Excellent Rental Upside. $459/SF. Nice Unit Mix: Four (4) Spacious 1 BR/1 BA (+/- 605 SF) / One (1) Large 2 BR/1 BA (+/- 828 SF) / Two (2) Oversized 2 BR/1.25 BA (+/- 887 SF). 1 Upcoming Vacancy Offers Immediate Repositioning Opportunity to Boost NOI and CAP Rate. Units Feature Hardwood Floors/LVT, Copper Plumbing, Square D 400-AMP Main Panel. Lower-Level Units Feature Private Patios, Upper-Level Units Feature High-Ceiling, Skylights, and Private Balconies. Reliable, Steady Cashflow. Low Vacancy. Low-Maintenance Mgmt. Multitude of Capital Improvements: Dual-Pane Windows, Roof, Water Heaters, Exterior Painting, New Fence, New Driveway, New Roof, and More. Newer 1976 Construction vs. Majority of Peninsula Apartment Inventory (50's and 60's Construction). Close to Redwood City Cal-Train, Downtown Redwood City, Downtown Menlo Park and Palo Alto/Stanford. Short Commute to Major Silicon Valley Employers: Meta, Google, Kaiser, Tesla, Stanford University, to Name a Few. Easy Access From SR-84/Woodside Rd, El Camino Real, Highways 101, 280, and Other Major Freeways.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R30000

Rooms

Kitchen Countertop - Synthetic, Dishwasher, Freezer, Hood Over Range, Oven Range, Oven Range - Electric, Refrigerator

Interior

Heating Electric

Cooling None

Flooring Carpet, Hardwood, Tile

Laundry Coin Operated

Exterior

Exterior Feature Back Yard, Balcony / Patio, Low Maintenance

Parking Features Assigned Spaces, Carport , Covered Parking, Uncovered Parking

Garage Spaces 10.0

Utilities Available Individual Electric Meters, Public Utilities

Roof Type Composition

Building

Lot Description Grade - Level

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 059-061-090

Miscellaneous High Ceiling ,Skylight

Security Features Security Lights,Other

Special Listing Condition Not Applicable

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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