517 Vera Ave - Apartments FOR SALE


Redwood City, CA 94061- Roosevelt
$2,890,000 USD
408-483-5040
517 Vera Ave, Redwood City, CA for Sale
$2,890,000 USD
Apartments - FOR SALE
1/23
null | 5% Cap Rate

517 Vera Ave
Redwood City, CA 94061
Roosevelt


HIGHLIGHTS

  • Walkable to downtown amenities, dining, shopping, and Caltrain.
  • Five of six units feature condo-quality renovations with new flooring, kitchens, bathrooms, lighting, and stainless-steel appliances.
  • Ground-floor units include private patios or backyards, while upper-level units offer expansive balconies.
  • In-place average rents are $2,810 per month with nearly 10% rental upside.

OVERVIEW

Marcus & Millichap is excited to present 517 Vera Ave, a boutique 6-unit multifamily community in Redwood City, one of the Bay Area’s most dynamic submarkets. Five of the six apartment homes have been meticulously renovated, blending modern design with functional layouts and luxury-inspired finishes. Current average rents of $2,810 per month provide durable in-place income with a projected 10% rental upside. Two ground-floor units feature private patios or expansive backyards, while four upper-level units enjoy spacious balconies, enhancing tenant appeal. The property is within walking distance of Caltrain, offering unmatched regional access for Peninsula commuters.

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

6

PRICE/UNIT

$481,667

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

N/Av, Redwood City

APN/PARCEL ID

053-081-160

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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