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1548 Hudson Street, Redwood City, CA

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1548 Hudson Street

Redwood City, CA 94061 - Palm Park MF Submarket

Property Type:Multi-Family Number of Units:10 Status:Existing Year Built:1964
Stories:2 Building Size:9,294 SF Land Area:.38 AC (16,727 SF)
For Sale Price:$5,250,000 Price/Unit:$525,000.00 Cap Rate:2.53 % GRM:18.99

Parking:1.29 Parking Spaces / 1,000 SF

Sale Notes:
- 10 Enormous, Pride-of-Ownership Units West of El Camino Real
- Extremely Rare Inventory 1,100 SF and 1,400 SF Large Apartment Home-Like Units
- One of the Lowest Cost/SF Multifamily Property in Westside Redwood City: $327/SF
- Over $1 Million in Recent Capital Improvements & Infrastructural Enhancements
- First Time on Market in 30+ Years
- In-Unit Central Furnace in Each Unit Low Operating Cost
- Large Kitchens. All Units Equipped w/ Dishwashers & Built-In Microwaves
- Updated Bathrooms & Ample Closet Space
- Potential to Easily Add In-Unit Washer/Dryers
- Over $1 Million in Recent Capital Improvements & Infrastructural Enhancements: (New Roof, New Water Heater, Dual Pane Windows, Updated Elevator Hydraulic System, Updated Landscaping, New Drainage and Concrete in Driveway, New Exterior & Interior Paint, and More)
- Excellent Alternative to Smaller, High-Density New Construction Units
- Potential to Reposition into Large Apartment Homes or Penthouse-Style Units
- Desirable Tenant Demographic in a Strong,High-Growth Rental Sub-Market
- Extremely Reasonable Price Per SF $327/SF for Westside Product
- Huge Repositioning & Rental Upside. No Rent Control

Colliers International
Don Sung
(650) 486-2200

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