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Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152
$3,100,000
Est. payment /mo
1 Bed
1 Bath
6,976 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,976 sqft
Price per Sqft $444
MLS Listing ID ML82054947
Bedrooms 1
Full Baths 1
Year Built 1951
Lot Size 9,966 Sqft
Property Sub-Type Five or More Units
Property Description
Value-add opportunity in Downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10 unit apartment community offering a compelling value-add investment opportunity in one of the Peninsulas most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential.
Location
State CA
County San Mateo
Area Central Park Etc.
Zoning R-4
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Carport , Common Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 053-094-120
Security Features None
Special Listing Condition Not Applicable
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