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217 Alden ST Redwood City, CA 94063
5,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82054736
HOA Y/N No
Year Built 1946
Annual Tax Amount $27,517
Lot Size 5,000 Sqft
Property Description
Well-Located Apartment Investment ±4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a ±5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City · Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning r5
Interior
Cooling None
Fireplace No
Exterior
Utilities Available Other
Roof Type Shingle
Total Parking Spaces 5
Building
Water Other
Schools
School District Other
Others
Tax ID 052274080
Special Listing Condition Standard
Listed by Steve Belluomini Corcoran Icon Properties #01095848