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$ 1,800,000
Est. payment /mo
Open Wed 12PM-1:30PM
405 Arch Street Redwood City, CA 94062
3,855 SqFt
Open House
Wed Sep 30, 12:00pm - 1:30pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,855 sqft
Price per Sqft $466
MLS Listing ID ML82061485
HOA Y/N No
Year Built 1923
Lot Size 6,000 Sqft
Property Sub-Type Other
Property Description
Under the same ownership as the adjacent 103-115 James Avenue, the two properties may be purchased together as a combined 10-unit portfolio or acquired separately. --- Compass Commercial is pleased to announce the exclusive listing of 405 Arch Street & 77-83 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. Offered at $1,800,000, the property consists of five (5) units across approximately 3,855 square feet of building area on a 6,000-square-foot lot. The unit mix includes four (4) 1-bedroom/1-bath units (770 sqft) and one (1) 2-bedroom/1-bath unit (775 sqft) -- The property sits in a quiet, tree-lined residential pocket within walking distance of Downtown Redwood City's shops and restaurants, the Safeway-anchored Sequoia Shopping Center, and Caltrain, with convenient access to Highway 101 and I-280. Amenities include owned washer/dryer, separately metered electric and gas, and Siemens circuit-breaker sub-panels. California SB 721 mandated inspection has been completed and is on file. -- Built in 1923, the property generates approximately $112,140 in scheduled gross annual income, with net operating income of approximately $63,128, a 3.51% cap rate and 16.05 GRM.
Location
State CA
County San Mateo
Zoning Mult
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood, Laminate, Tile
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 052211070

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Listed by Nate Gustavson • Compass





