116 Pine Street, Redwood City, CA, CA 94063
- $3,395,000
- List Price
- $3,395,000
- Price Change
- ▼ $100,000 1775780262
- Status
- ACTIVE
- MLS#
- ML82033415
- County
- San Mateo
- Zoning
- Multifamily
- Year Built
- 1953
- Square Feet
- 6,300
- Lot Size (acres)
- 0.1668
- Days on Market
- 177
- Property Type
- Commercial
Property Description
Introducing 116 Pine St. in downtown Redwood City. The property features 10 fully renovated units (kitchens, baths, floors, doors, electrical, etc.) and offers three 2 bedroom 1 bathroom units and seven 1 bedroom 1 bathroom units. It sports an insanely desirable WalkScore of 94. Most importantly it is located one block from the 8 acre $600,000,000 Elko Yards development project. There's nothing but upside in this pocket of Redwood City and this investment provides solid returns immediately. Strong in-place RUBS. In close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula.
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Additional Information
- Taxes
- $38,462
- Parcel Number
- 053195080
- Gross Scheduled Income
- $287,758
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Flat
- Parking Spaces
- 1
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Steve Zirelli (szirelli@aranewmark.com) from Listing Office: Cornish & Carey Commercial.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.