One of the Rare, Highest-Quality Multifamily Assets West of El Camino Real in Redwood City. Tree-Lined Street. Pride-of-Ownership. Desirable, Quiet Palm Park Neighborhood. Easily Accessible, Central Mid-Peninsula Location. Strong In-Place Cap Rate w/ Excellent Rental Upside. Nice Unit Mix: Four (4) Spacious 1 BR/1 BA Units (+/- 605 SF); One (1) Large 2 BR/1 BA Unit (+/- 828 SF); Two (2) Oversized 2 BR/1.25 BA Units (+/- 887 SF).
Units Feature Hardwood Floors/LVT, Granite/Quartz Countertops, Copper Plumbing, Updated Electrical. Lower-Level Units Feature Private Patios, Upper-Level Units Feature High-Ceiling, Skylights, and Private Balconies. Reliable, Steady Cashflow with Proven, Strong Rental History, Low Vacancy, Reduced Turnover and Low-Maintenance Management. Well-Managed Asset with Strong In-Place Rents and Good Historical Tenancy. Easy Rental & Low Vacancy. Newer 1976 Construction vs. Majority of Peninsula Apartment Inventory (50's and 60's Construction). Multitude of Capital Improvements: Dual-Pane Windows, Roof, Water Heaters, Exterior Painting, etc. Already Completed. Close Proximity to Redwood City Cal-Train Station, Downtown Redwood City, Downtown Menlo Park and Palo Alto/Stanford. Short Commute to Major Silicon Valley Employers: Meta, Google, Kaiser, Tesla, Stanford University, to Name a Few. Easy Access From SR-84/Woodside Rd, El Camino Real, Highways 101, 280, and Other Major Freeways. Property Offers Excellent Hedge Against Inflation While Providing Reliable Cashflow With Strong Long-Term Value Appreciation and Tax Advantages.