1440 Gordon St - Apartments FOR SALE


Redwood City, CA 94061- Palm Park
$7,300,000 USD
650-492-0934
1440 Gordon St, Redwood City, CA for Sale
$7,300,000 USD
Apartments - FOR SALE
1/8
null | 4.87% Cap Rate

1440 Gordon St
Redwood City, CA 94061
Palm Park


HIGHLIGHTS

  • Exceptional Mid-Peninsula Investment Opportunity - well-situated asset in a dynamic and desirable Redwood City location.
  • Proximity to Vibrant Downtown Redwood City - beautifully designed three-bedroom, two-bedroom and one-bedroom floor plans.
  • Proximity to Vibrant Downtown Redwood City - close to Downtown Redwood City, home to a myriad of high-end shopping, dining, and entertainment options.
  • Convenient Community Amenities – convenient community amenities such as on-site parking and private balconies for select units.

OVERVIEW

1440 Gordon St is an exceptional 15-unit apartment community located in the thriving city of Redwood City, California. Situated on a 21,725 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 14,110 square feet, offering its tenants beautifully designed three-bedroom, two-bedroom, and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as on-site covered parking and private balconies for select units The subject property is located just minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Express services is also close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, residents enjoy easy access to the major transportation corridors of U.S. Highway 101, Interstate 280, the San Mateo- Hayward Bridge and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 1440 Gordon St presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$517 USD /SF

# OF UNITS

15

PRICE/UNIT

$486,667

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gordon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R3, Redwood City

APN/PARCEL ID

059-043-040

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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