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JLee Broker

[email protected] +1(650) 857-1000

Listed by Jimmy Castellanos, DRE #02024152 • Marcus & Millichap

$3,100,000

Est. payment - /mo

1 Bed

1 Bath

6,976 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,976 sqft

Price per Sqft $444

MLS Listing ID ML82054947

Bedrooms 1

Full Baths 1

Year Built 1951

Lot Size 9,966 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Value-add opportunity in downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10 unit apartment community offering a compelling value-add investment opportunity in one of the Peninsulas most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R-4

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Exterior

Parking Features Carport , Common Parking Area

Garage Spaces 3.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Tax ID 053-094-120

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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128 Roosevelt AVE Redwood City, CA 94061

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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