Multifamily Property for Sale in Redwood City, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Redwood City, CA 94063

Description

Situated on a 10,044 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of 7,040 square feet, offering its tenants 100% beautifully designed two-bedroom townhome-style floor plans. Investment Highlights: • Recent Capital Improvements - The subject property has recently undergone extensive capital improvements including updated electrical sub-panels. • Desirable Unit Mix - The subject property offers tenants 100% beautifully designed two-bedroom townhome-style floor plans. • Convenient Amenities - 3212 Rolison Rd offers tenants convenient detached parking garages.

Market Context

This multifamily in Redwood City, CA is listed for sale. It is offered at an approximate 4.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Redwood City, CA — <a href="/search/sale/multifamily/california/redwood-city">view the full market</a>.

As of Q3 2019, the San Francisco Peninsula multifamily market showed a 4.0% vacancy rate. Source: Colliers Q3 2019 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the San Francisco Peninsula multifamily market tightening or softening?
Vacancy is around 4.0% (Q3 2019).

Contact

Explore this market

Similar Multifamily Property for Sale in Redwood City, CA