116 Pine St - Apartments FOR SALE


Redwood City, CA 94063- Staumbaugh Heller
$3,495,000 USD
650-688-8533
116 Pine St, Redwood City, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

116 Pine St
Redwood City, CA 94063
Staumbaugh Heller


OVERVIEW

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. Co-listed with Matt Thomson at Compass: 650-515-6555/matt.thomson@compass.com and Larry Aikins at Terrace Realty: 650-504-4577 / laikins@aol.com. Call or e-mail agents for OM and link to Due Diligence file.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$555 USD /SF

# OF UNITS

10

PRICE/UNIT

$349,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,275 SF

ZONING

MULW - S

APN/PARCEL ID

053-195-080

ASK ABOUT THIS PROPERTY

Steve ZirelliARA NewmarkMore Info
650-688-8533

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Steve ZirelliARA NewmarkMore Info
650-688-8533

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