50 Dumbarton Ave - Apartments FOR SALE


Redwood City, CA 94063
$3,688,000 USD
408-438-0969
50 Dumbarton Ave, Redwood City, CA for Sale
$3,688,000 USD
Apartments - FOR SALE
1/16
null | 5.67% Cap Rate

50 Dumbarton Ave
Redwood City, CA 94063


HIGHLIGHTS

  • Exceptional investment opportunity located in Redwood City, with strong current income and potential 20% rent upside
  • Pride-of-ownership asset with over 30 years of dedicated ownership
  • Desirable unit mix: 8 two-bedroom/one-bathroom units and 2 studios
  • Recent capital expenditures including a new sewer line, water line, copper piping, LVP floors, granite countertops, and more
  • Prime location near El Camino Real, Downtown Redwood City, and Stanford University
  • Close proximity to major tech employers including Facebook, Google, and Oracle

OVERVIEW

We are pleased to present the opportunity to acquire 50 Dumbarton Ave, a meticulously maintained property with 10 units. This property has benefited from over 30 years of dedicated ownership, ensuring its excellent condition. Built in 1962, the building spans 10,903 square feet per county record on a 7,700 square foot corner parcel. The unit mix includes 8 two-bedroom/one-bathroom units and 2 studios, offering a versatile living arrangement. The building has copper plumbing and recent capital improvements include a new sewer line, dual pane windows and a new central water heater. Interior upgrades include LVP floors, granite countertops, bathroom vanities and shower surrounds. The property has strong cash flow with 20%+ upside in rents. The property is ideally located close to El Camino Real, providing easy access to transportation and major highways. It is conveniently near Downtown Redwood City, Elco Yards, Downtown Menlo Park, Stanford Shopping Mall, and Stanford University. Additionally, it is in proximity to major corporate headquarters such as Facebook, Google, and Oracle, among many others.

FOR SALE DETAILS

PRICE

$3,688,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

10

PRICE/UNIT

$368,800

CAP RATE

5.67%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R-3/S-5, San Mateo

APN/PARCEL ID

054-283-230

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.