645 Elm St - Apartments FOR SALE


Redwood City, CA 94063- Staumbaugh Heller
$3,288,000 USD
650-546-1030
645 Elm St, Redwood City, CA for Sale
$3,288,000 USD
Apartments - FOR SALE
1/17
null | 5.74% Cap Rate

645 Elm St
Redwood City, CA 94063
Staumbaugh Heller


HIGHLIGHTS

  • Exceptional Mid-Peninsula Investment Opportunity - Investors have the opportunity to acquire an asset in a dynamic and desirable Redwood City location
  • Desirable Unit Mix - 645 Elm St offers tenants beautifully designed two bedroom and one-bedroom floor plans
  • Convenient Community Amenities – The property offers tenants convenient community amenities such as private covered parking and onsite laundry
  • Recent Capital Improvements - 645 Elm St has recently undergone extensive interior renovations, with 7 of the 8 units being fully remodeled
  • Proximity to Vibrant Downtown Redwood City - The property is in close proximity to a myriad of high-end shopping, dining, and entertainment options

OVERVIEW

645 Elm St is a stunning 8-unit apartment community located in the thriving city of Redwood City, California. Situated on a 7,579 square foot parcel of land, the subject property was originally constructed in 1955 and has a gross building area of approximately 4,472 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as private covered parking and an on-site laundry facility. 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, 645 Elm 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

$3,288,000 USD

PRICE/SF

$735 USD /SF

# OF UNITS

8

PRICE/UNIT

$411,000

CAP RATE

5.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,579 SF

ZONING

R-4

APN/PARCEL ID

053-245-430

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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