1503 Sierra St - Apartments FOR SALE


Redwood City, CA 94061
$2,399,000 USD
650-720-0167
1503 Sierra St, Redwood City, CA for Sale
$2,399,000 USD
Apartments - FOR SALE
1/50
null | 3.71% Cap Rate

1503 Sierra St
Redwood City, CA 94061


HIGHLIGHTS

  • Great investment opportunity to live in one unit and rent the other
  • Prime Redwood City location
  • Recent remodels allow for a turnkey experience

OVERVIEW

Do not disturb the tenants please contact the agent for showings Income opportunity! Ideal for both investors and owner-occupiers, this charming, updated duplex lives like two single-family homes, situated in the peaceful Woodside Plaza neighborhood of Redwood City. Step into the harmonious blend of comfort and style with recently remodeled kitchens in both units, featuring contemporary granite countertops and new tile floors. Refinement continues throughout with the addition of high-quality rugs and solid wood floors. Essential updates such as a new water heater, AC, and furnace ensure a turnkey experience. The homes' functionality is enhanced by all new appliances from renowned brands like LG, General Electric, and a Samsung gas stove, alongside a KitchenAid microwave. The thoughtful upgrades are complemented by recessed lighting and new ceiling fans in every room, creating an inviting atmosphere in each unit. Unit B: Serene 3BR/2.5BA Oasis. This standalone-like unit boasts 1765 +/- sqft of airy living space, featuring a welcoming living room with great natural light, modern amenities, and garden views. The high end updated kitchen with gas stovetop is perfect for culinary adventures and flows into a large family room with a classic wood-burning fireplace. All bedrooms are privately housed upstairs, along with a 2-car garage and extra parking. Do not disturb tenants or walk around the property. Unit A: Cozy 2BR/1.5BA charmer. The front unit of approx. 1,355+/- sqft offers a personal touch with a spacious yard and private garage. Inside, enjoy a peaceful living area with recessed lighting and an updated kitchen looking out to a secluded patio. Bedrooms are perfectly placed above for undisrupted tranquility. Location Advantage Embrace the convenience of nearby amenities, tech hubs, and educational institutions while enjoying the benefits of multi-family residency. A rare Redwood City opportunity, 1503 Sierra Street is not to be overlooked. https://www.1503sierrastreet.com/

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$617 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,199,500

CAP RATE

3.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,834 SF

ZONING

MF

APN/PARCEL ID

059-044-180

ASK ABOUT THIS PROPERTY

650-720-0167

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

650-720-0167

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