1024 10th Ave - Apartments FOR SALE


Redwood City, CA 94063- Friendly Acres
$4,000,000 USD
650-380-2868
1024 10th Ave, Redwood City, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/20
null | 4.56% Cap Rate

1024 10th Ave
Redwood City, CA 94063
Friendly Acres


OVERVIEW

SC Properties is pleased to exclusively offer for sale 1024 10th Avenue, Redwood City a well-maintained six-unit apartment property offering investors the opportunity to acquire a quality multifamily asset in the heart of Redwood City. Four of the six units, consisting of two duplexes, were newly constructed in 2015, while the original front duplex was completely renovated inside and out during the same redevelopment. The property was comprehensively improved with new asphalt paving, decorative pavers, fire sprinklers, bioswale improvements, curbs, fencing, landscaping, and modern infrastructure throughout. The spacious units feature private garages, yards, in-unit laundry, and contemporary finishes, creating a highly desirable living environment with low ongoing management responsibilities. Ideally located just three miles from Meta's Menlo Park campus and only minutes from Downtown Redwood City, the property offers convenient access to major employers, Caltrain, Highway 101, shopping, dining, and entertainment. With strong in-place income and additional rental upside, 1024 10th Avenue presents an outstanding long-term investment opportunity in one of the Peninsula's most sought-after rental markets

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$526 USD /SF

# OF UNITS

6

PRICE/UNIT

$666,667

CAP RATE

4.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

R-2

APN/PARCEL ID

055-043-830

ASK ABOUT THIS PROPERTY

Kevin PhillipsSC PropertiesMore Info
650-380-2868

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Kevin PhillipsSC PropertiesMore Info
650-380-2868

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.