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$ 3,100,000
Est. payment | /mo
9,966 Sqft Lot
$ 3,100,000
Est. payment | /mo
9,966 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82054947
HOA Y/N No
Year Built 1951
Annual Tax Amount $33,917
Lot Size 9,966 Sqft
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 699 - Not Defined
Zoning R-4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 10
Roof Type Composition,Shingle
Total Parking Spaces 3
Building
Water Public
Schools
Elementary Schools Roosevelt
High Schools Sequoia
School District Other
Others
Tax ID 053094120
Special Listing Condition Standard
Listed by Jimmy Castellanos Marcus & Millichap #02024152