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$ 3,288,000
Est. payment | /mo
7,579 Sqft Lot
$ 3,288,000
Est. payment | /mo
7,579 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82000593
HOA Y/N No
Year Built 1955
Annual Tax Amount $38,657
Lot Size 7,579 Sqft
Property Description
Marcus & Millichap is please to present 645 Elm St, a stunning 8-unit community located in the thriving city of Redwood City, California. Situated on a quiet cul-de-sac, the asset offers residents beautifully designed two-bedroom and one-bedroom floor plans. The property also features convenient amenities such as private parking for all units, and an on-site laundry facility. Price at nearly a 5.75% CAP on current metrics, this asset qualifies for excellent bank financing, and is one of the highest yields available in San Mateo County. Located steps from lively Downtown Redwood City, residents are within a 15 minute walk to Sequoia Station, Whole Foods Market, Box Headquarters, and much more. The property is also within a 10 minute drive to Meta's Headquarters in Menlo Park. The Redwood City Caltrain Station is less than a mile away, which provides an inexpensive, hassle free commute to major employers in San Francisco, the Peninsula, and South Bay. With a world-class location in the heart of the Peninsula, 645 Elm Street presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 4
Total Parking Spaces 3
Building
Water Public
Schools
School District Other
Others
Tax ID 053245430
Special Listing Condition Standard
Listed by Eymon Binesh • Marcus & Millichap
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Kris Rainwaters
REALTOR® | Lic# 02111780