217 Alden Street, Redwood City, CA, CA 94063
- $2,500,000
- List Price
- $2,500,000
- Status
- ACTIVE
- MLS#
- ML82054736
- County
- San Mateo
- Zoning
- r5
- Year Built
- 1946
- Square Feet
- 4,992
- Lot Size (acres)
- 0.1148
- Days on Market
- 11
- Property Type
- Commercial
Property Description
Well-Located Apartment Investment ±4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a ±5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City · Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.
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Additional Information
- Taxes
- $27,517
- Parcel Number
- 052274080
- Gross Scheduled Income
- $178,620
- Utilities
- Other
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Shingle
- Parking Spaces
- 5
- Water
- Other
- School District
- Other
Listing courtesy of Listing Agent: Steve Belluomini (steve.b@corcoranicon.com) from Listing Office: Corcoran Icon Properties.
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