1172 Clinton St - Apartments FOR SALE


Redwood City, CA 94061- Palm Park
$1,950,000 USD
650-759-3414
1172 Clinton St, Redwood City, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/16
null | 2.35% Cap Rate

1172 Clinton St
Redwood City, CA 94061
Palm Park


HIGHLIGHTS

  • Large 2Bedroom/1Bathroom Units
  • Private Patios/Decks
  • Onsite Laundry Room
  • Covered Carport Parking

OVERVIEW

The Batlin Group is pleased to present 1172 Clinton Street, a well-maintained 4-unit residential property in the heart of Redwood City. Each unit is a spacious 2-bedroom, 1-bathroom layout, providing an ideal living space for tenants seeking comfort and convenience. Every unit comes with its own covered carport parking space, ensuring off-street parking for tenants. Additionally, each unit features a private deck or patio. The property is separately metered for gas and electricity, which provides individual control for tenants' utility usage, while the owner is responsible for covering the water, sewer, and garbage expenses. The property includes an on-site laundry facility, adding convenience and additional value for tenants. With a low-maintenance setup, this property is poised for steady rental income and long-term value appreciation. Its location in Redwood City, a growing and highly desirable area in Silicon Valley, enhances its appeal to potential renters, making it a strong and stable investment for any real estate portfolio. Contact Sam or Phil for full Offering Memorandum.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$583 USD /SF

# OF UNITS

4

PRICE/UNIT

$487,500

CAP RATE

2.35%

% LEASED

99%

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

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,706 SF

ZONING

R4, Redwood City

APN/PARCEL ID

053-114-150

ASK ABOUT THIS PROPERTY

Sam RuncoMarcus & MillichapMore Info
650-759-3414

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Sam RuncoMarcus & MillichapMore Info
650-759-3414

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