This Property is no longer advertised on Showcase.com.
Off Market
1/28

715 Roosevelt Ave
Redwood City, CA 94061


HIGHLIGHTS

  • Outstanding income, great GRM and CAP
  • Future potential to double square footage
  • Central location in the heart of Redwood City, close to Standford University and tech employers Google, Facebook, etc.

OVERVIEW

Fantastic income property features four houses plus two garages all on one parcel. Brings in excellent cash flow for now, and imagine the future possibilities with 8,000 sq. ft. +/- maximum square footage, per City of Redwood City zoning. Current total square footage is approximately 4,000 for houses and garages. Charming original bungalow house (711 Roosevelt) appears to have been built in 1908 and was extensively remodeled in 2018 (2 BR + 1.5 BA). Second house (1124 Ebener St.) possibly built around 1940 has one-car garage and long driveway for RV and cars (2 BR + 1 BA). Third house (715-A Roosevelt) is a one-bedroom cottage apx. 500 sq. ft. plus attached partially-finished garage for office/storage (1BR + 1 BA). Fourth house (715-B Roosevelt) is a cozy cottage apx. 400 sq. ft. (1 BR, 1 BA). Tenants really like to live here because each house has a private, fenced yard.

FOR SALE DETAILS

PRICE

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# OF UNITS

-

CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

3300

STORIES

1

YEAR BUILT

1908

PARKING SPACES

3

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

053-106-310