1410 Hess Rd - Apartments FOR SALE


Redwood City, CA 94061
$3,880,000 USD
408-438-0969
1410 Hess Rd, Redwood City, CA for Sale
$3,880,000 USD
Apartments - FOR SALE
1/23
null | 4.1% Cap Rate

1410 Hess Rd
Redwood City, CA 94061


HIGHLIGHTS

  • Turnkey investment with rental upside nestled in Redwood City
  • Desirable Unit Mix: (1) 2BD/2BA, (1) 2BD/1BA, and (6) 1BD/1BA units
  • Recent upgrades include remodeled interiors, newly constructed ADU and full electric upgrade with 400 amp main panel and disconnects
  • Features dual-pane windows, stainless steel appliances, coin-operated laundry, parking spaces, and more
  • 1.3 miles from downtown Redwood City and the Caltrain Station
  • Easy access to Highways 101, 280, and El Camino Real

OVERVIEW

We are pleased to present the opportunity to acquire 1410 Hess Road, an 8-unit trophy asset located in Redwood City. With a newly constructed ADU, and fully renovated interiors, this investment o?ers a rare opportunity to acquire a turnkey asset in one of the most desirable cities on the Peninsula. Built in 1958, this building spans 5,189 square feet on a spacious 8,625 square foot lot. The unit mix includes (1) two-bedroom/two-bathroom, (1) two-bedroom/one-bathroom, and (6) one-bedroom/one-bathroom units with significant interior remodels. The electric system has been fully upgraded with a new 400 amp main panel and disconnects. The property features dual-pane windows, sleek stainless-steel appliances, a coin-operated laundry room, in-unit laundry machines in the ADU, two private backyards and ample parking with ten total spaces. Located just 1.3 miles from downtown Redwood City and the Caltrain Station and close proximity to highways 101, 280 and El Camino Real, this property offers easy access to every major city in the Bay Area. 1410 Hess Road is a prime investment opportunity with a blend of classic charm and modern upgrades in a highly-sought after Peninsula neighborhood.

FOR SALE DETAILS

PRICE

$3,880,000 USD

PRICE/SF

$748 USD /SF

# OF UNITS

8

PRICE/UNIT

$485,000

CAP RATE

4.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R2, Redwood City

APN/PARCEL ID

053-273-070

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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