200 Dumbarton Ave - Apartments FOR SALE


Redwood City, CA 94063
$9,580,000 USD
510-304-8077
200 Dumbarton Ave, Redwood City, CA for Sale
$9,580,000 USD
Apartments - FOR SALE
1/4
null | 5.18% Cap Rate

200 Dumbarton Ave
Redwood City, CA 94063


HIGHLIGHTS

  • Investors have the opportunity to acquire a well-situated asset in the dynamic and desirable Redwood City location.
  • Redwood Apartments offers tenants beautifully designed two-bedroom and one-bedroom floor plans.
  • The subject property is located within minutes of vibrant Downtown Redwood City, home to a myriad of highend shopping, dining & entertainment options.
  • The subject property offers tenants and residents convenient access to transportation corridors and services.

OVERVIEW

Redwood Apartments is a stunning 33-unit apartment community located in the thriving city of Redwood City, California. Situated on a 28,584 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 26,356 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants private covered parking and a shared on-site laundry facility. The subject property is located minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet services is also within close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, residents enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, Redwood Apartments presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$9,580,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

33

PRICE/UNIT

$290,303

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

R300S5

APN/PARCEL ID

054-201-560

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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