405 Arch ST, Redwood City, CA 94062

$1,800,000
3,855
SqFt

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Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass

List Price
$1,800,000
MLS#
ML82061485
Status
ACTIVE
Sqft. of Residence
3,855
Lot Size
6,000
Listing Area
High School Acres Etc.
Year Built
1923

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.

Additional Information

Cooling System
Ceiling Fan
Floor Covering
Hardwood, Laminate, Tile, Vinyl / Linoleum
Foundation
Concrete Perimeter and Slab
Garage Parking
Assigned Spaces, Covered Parking
Heating System
Wall Furnace
Laundry Facilities
Washer / Dryer
Living Area
3,855
Lot Size
6,000
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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Calculator source: Real Geeks

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Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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