132 Southwood Dr - Apartments FOR SALE


South San Francisco, CA 94080- Avalon
$2,100,000 USD
408-893-8063
132 Southwood Dr, South San Francisco, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/17
null | 7.01% Cap Rate

132 Southwood Dr
South San Francisco, CA 94080
Avalon


HIGHLIGHTS

  • The asset has been held by the same family ownership group for three generations and has never been offered for sale.
  • 124 & 132 Southwood Center each feature a vacant unit allowing investors immediate upside.
  • Average in-place rents are 119% below market rents offering investors the potential to capture significant upside.

OVERVIEW

TOURING: Tuesday, April 8th from 11am to 12:30pm CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 124 & 132 Southwood Center (the “Properties” or “Portfolio”), a 14-unit portfolio located in South San Francisco. The Properties are situated adjacent to one another offering a new owner management efficiencies and scale. Both properties were built in 1958 and feature a mix of one and two bedroom floorplans. Additionally, each property features (1) vacancy allowing a value add investor immediate access to a vacant unit at each property. The Properties also feature little to no deferred maintenance as both the interiors and exteriors have been well-maintained over the years. Each property also features (7) private garage spaces with (7) storage cabinets, and a common laundry room with an owned coin/card operated washer and dryer. The Properties are being offered for purchase either as a Portfolio or Individually. There is no requirement to purchase both assets together. Please contact the CBRE Listing Team for additional information or to schedule a property tour

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

7.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,721 SF

ZONING

-

APN/PARCEL ID

013-044-030

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

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