103-115 James AVE, Redwood City, CA 94062
- $2,250,000
- 4,414
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
- List Price
- $2,250,000
- MLS#
- ML82061466
- Status
- ACTIVE
- Sqft. of Residence
- 4,414
- Lot Size
- 6,500
- Listing Area
- High School Acres Etc.
- Year Built
- 1922
Property Description
Under the same ownership as the adjacent 405 Arch Street & 77-83 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 103-115 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. The offering consists of a 4-unit apartment building plus a detached single-family residence, together totaling five (5) units on one parcel, across approximately 4,414 square feet of building area on a 6,500-square-foot lot. The unit mix includes one (1) 1-bedroom/1-bath unit (725 sqft) and four (4) 2-bedroom/1-bath units (875-925 sqft), including the detached house (1,014 sqft). Amenities include separately metered electric and gas, Siemens circuit-breaker sub-panels, and a two-car garage. California SB 721 mandated inspection has been completed and is on file. -- Built in 1922, the property generates approximately $151,560 in scheduled gross annual income, with net operating income of approximately $95,610, a 4.25% cap rate and 14.85 GRM on current rents.
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Additional Information
- Acres
- 0.15
- Cooling System
- Ceiling Fan
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated, Washer / Dryer
- Living Area
- 4,414
- Lot Size
- 6,500
- Neighborhood
- High School Acres Etc.
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Elastomeric, Shingle
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- Multifamily Residential
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