1526 Hess Rd - Apartments FOR SALE


Redwood City, CA 94061- Palm Park
$3,195,000 USD
650-823-1220
1526 Hess Rd, Redwood City, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/6
null | 4.22% Cap Rate

1526 Hess Rd
Redwood City, CA 94061
Palm Park


HIGHLIGHTS

  • Prime Redwood City Apartment Building with Attractive Unit Mix (4) 2x1 & (3) 1x1
  • Excellent Location in Redwood City West of the El Camino Real
  • Some Units Offer Renovated Kitchens and Baths
  • All Subpanels Recently Upgraded
  • On-Site Laundry Facility
  • Dual Pane Windows Throughout Entire Building

OVERVIEW

This well-maintained 7-unit apartment building offers a rare opportunity to acquire a stabilized asset in a high-demand rental market. Located in the heart of Redwood City, 1526 Hess Road combines strong current income with long-term upside potential, making it a compelling opportunity for investors seeking stable returns in one of the Peninsula’s most dynamic submarkets. The property is strategically positioned west of the El Camino Real in the Palm Park neighborhood and just minutes to downtown Redwood City and all the nightlife, dining, and entertainment amenities it has to offer. Residents enjoy easy access to mass transit with Sequoia Station and Caltrain only 1 mile away. The nearby Red Morton Community Park features running trails, tennis courts, a skate park, and more. Several major employers are also in close proximity, supporting strong ongoing rental demand.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$479 USD /SF

# OF UNITS

7

PRICE/UNIT

$456,429

CAP RATE

4.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,832 SF

ZONING

R4, Redwood City

APN/PARCEL ID

053-293-080

ASK ABOUT THIS PROPERTY

Brian HenryNewmarkMore Info
650-823-1220

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Brian HenryNewmarkMore Info
650-823-1220

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