Rare HIGH-CEILINGS, Pride-of-Ownership MF Asset on Tree-Lined Street in Desirable, West of El Camino Real Location. Easy Access & Easy to Self-Manage. Strong In-Place Cap Rate (4.47%) / GRM: 13.7 w/ Excellent Rental Upside. $459/SF. Nice Unit Mix: Four (4) Spacious 1 BR/1 BA (+/- 605 SF) / One (1) Large 2 BR/1 BA (+/- 828 SF) / Two (2) Oversized 2 BR/1.25 BA (+/- 887 SF). 1 Upcoming Vacancy Offers Immediate Repositioning Opportunity to Boost NOI and CAP Rate. Units Feature Hardwood Floors/LVT, Copper Plumbing, Square D 400-AMP Main Panel. Lower-Level Units Feature Private Patios, Upper-Level Units Feature High-Ceiling, Skylights, and Private Balconies. Reliable, Steady Cashflow. Low Vacancy. Low-Maintenance Mgmt. Multitude of Capital Improvements: Dual-Pane Windows, Roof, Water Heaters, Exterior Painting, New Fence, New Driveway, New Roof, and More. Newer 1976 Construction vs. Majority of Peninsula Apartment Inventory (50's and 60's Construction). Close to Redwood City Cal-Train, Downtown Redwood City, Downtown Menlo Park and Palo Alto/Stanford. Short Commute to Major Silicon Valley Employers: Meta, Google, Kaiser, Tesla, Stanford University, to Name a Few. Easy Access From SR-84/Woodside Rd, El Camino Real, Highways 101, 280, and Other Major Freeways.
Listing courtesy of Listing Agent: Don Sung (don.sung@colliers.com) from Listing Office: Colliers Parrish International, Inc..
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