This offering presents a rare investment opportunity in the heart of Redwood City, located at 411-417 Lathrop Street within the El Camino Real Mixed-Use Corridor. The property consists of seven units across approximately 7,650 square feet on a 0.24-acre parcel, zoned MUC-ECR, allowing for a variety of future redevelopment or repositioning options.
Positioned just steps from the Redwood City Caltrain Station, the site benefits from exceptional connectivity to the Peninsula and greater Bay Area. El Camino Real, a major regional thoroughfare, provides a traffic count of over 38,000 vehicles per day, ensuring strong visibility and accessibility. The surrounding area is home to a robust mix of retail, dining, and entertainment amenities, as well as major employers such as Oracle, Electronic Arts, and Facebook, creating a dynamic environment for both tenants and investors.
The property offers a projected net operating income of $219,070 and a cap rate of 6.26%, supported by a diverse tenant mix and recently completed Phase I ESA and roof reports. With a five-mile population exceeding 250,000 and an average household income of $179,322, this location is well-positioned for long-term growth and stability.