116 Pine Street, Redwood City, CA 94063

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List Price
$3,395,000
Price Change
▼ $100,000 1775780262
Status
ACTIVE
MLS#
ML82033415
Year Built
1953
Lot Size
7,267
Acres
0.17
Days on Market
238
Property Type
Commercial

Property Description

Introducing 116 Pine St. in downtown Redwood City. The property features 10 fully renovated units (kitchens, baths, floors, doors, electrical, etc.) and offers three 2 bedroom 1 bathroom units and seven 1 bedroom 1 bathroom units. It sports an insanely desirable WalkScore of 94. Most importantly it is located one block from the 8 acre $600,000,000 Elko Yards development project. There's nothing but upside in this pocket of Redwood City and this investment provides solid returns immediately. Strong in-place RUBS. In close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula.

Additional Information

Taxes
$38,462
Heat
Wall Furnace
Cooling
Yes
Cooling Description
None
Roof
Flat
Water
Public
School District
Other
Attached Structure
Detached
Number Of Units Total
10
Gross Scheduled Income
$287,758

Listing courtesy of Listing Agent: Steve Zirelli (szirelli@aranewmark.com) from Listing Office: Cornish & Carey Commercial.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.