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1151 Davis St 7 Unit Apartment Building $3,100,000 ($442,857/Unit) 4.67% Cap Rate Redwood City, CA 94061
Executive Summary
Introducing 1151 Davis St. in Redwood City. This 7 unit gem is located in a fantastic west of El Camino neighborhood and feature one 2 bedroom, five 1 bedroom and one studio units. Two units benefit from balconies and two others from private yards. All units are uniformly and completely renovated: new kitchens, new bathrooms, flooring, doors, molding, Schlage Smart Locks, etc. All electrical main panels have been upgraded. All but one of the sub-panels has been upgraded. A bike shed featuring top of the line wall mount bike racks was recently constructed onsite. Come see this beautiful turnkey investment opportunity.
Property Facts
| Price | $3,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $442,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.67% | Building Size | 5,510 SF |
| Gross Rent Multiplier | 14.71 | No. Stories | 1 |
| No. Units | 7 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,100,000 |
| Price Per Unit | $442,857 |
| Sale Type | Investment |
| Cap Rate | 4.67% |
| Gross Rent Multiplier | 14.71 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,510 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Parking Ratio | 1.45/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Bicycle Storage
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 5 | - | 525 |
| 2+1 | 1 | - | 625 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 053-112-270 | Improvements Assessment | $418,317 |
| Land Assessment | $2,119,483 | Total Assessment | $2,537,800 |
Property Taxes
Parcel Number
053-112-270
Land Assessment
$2,119,483
Improvements Assessment
$418,317
Total Assessment
$2,537,800
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1151 Davis St
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