3499 East Bayshore Road
Redwood City, CA 94063 ·
141 Spaces · Multifamily For Sale
|No. Spaces||141||Gross Rent Multiplier||8.68|
|Property Sub-type||Mobile Home/RV Community||Year Built||1960|
|Property Use Type||Investment||Lot Size||7.94 AC|
|Listing ID: 16136911||Date Created: 03/09/2009||Last Updated: 05/14/2009|
This family park consists of 141 spaces of which about 22 are RV Spaces and will accommodate Park Model Homes. The park has a swimming pool, office, and clubhouse and is within one minute of the 101 freeway making the park an outstanding commuter location.
Bayshore Villa is sub metered for gas, electricity, and water and all utilities are passed through to the tenants. Priced at a 8.14 percent cap rate, with occupancy upside, a 10.3 percent current total return, and future development potential, Bayshore Villa is an outstanding opportunity for the investor.
Bayshore Villa is located in the San Francisco Bay Area in Redwood City, California. It is in San Mateo County and just south of San Francisco and north of San Jose. Bayshore Villa's strength lies in its in-fill Bay Area location where median income exceeds $89,728 and median housing prices are $688,000.
- 8.14% Cap Rate for Bay Area Park
- Occupancy Upside
- Future Development Potential
- 10.3% Current Total Return
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