2483 Middlefield Rd - Apartments FOR SALE


Redwood City, CA 94063
$6,300,000 USD
626-483-5136
2483 Middlefield Rd, Redwood City, CA for Sale
$6,300,000 USD
Apartments - FOR SALE
1/56
null | 5.02% Cap Rate

2483 Middlefield Rd
Redwood City, CA 94063


HIGHLIGHTS

  • Newly remodeled apartments include premium stainless steel appliances, recessed LED lighting, laminate flooring, and updated kitchens and bathrooms.
  • Exterior improvements include a new TPO vinyl roof, refreshed landscaping, a new water heater, and a fresh coat of paint.
  • On-site Laundry room.

OVERVIEW

The R&Z Group is pleased to introduce 2483 Middlefield Rd to the market. Since 2020, this property has seen significant updates, with around $1 million invested in both interior and exterior renovations. It features (15) spacious one-bedroom, one-bathroom units with open-concept floor plans. The newly remodeled apartments highlight modern design elements, including premium Frigidaire stainless steel appliances, recessed LED lighting, engineered laminate flooring, and updated kitchens and bathrooms with snow white quartz countertops and high-end cabinetry. Many units also feature Wi-Fi-enabled lighting compatible with Amazon Alexa. Exterior improvements include a new TPO vinyl roof, refreshed landscaping, a new water heater, and a fresh coat of paint. The property offers 15 assigned garages, plus six additional parking spaces, along with private balconies for many units, a central communal area, and an on-site laundry room equipped with two washers and dryers. Situated in a prime Redwood City location, the property is conveniently across from Costco Wholesale, near downtown Redwood City, and close to major employers like Meta and Google’s Redwood City offices. With its strong appeal and excellent location, the property benefits from a robust rental market and historically low vacancy rates.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$474 USD /SF

# OF UNITS

15

PRICE/UNIT

$420,000

CAP RATE

5.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

MUN

APN/PARCEL ID

054-091-410

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

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