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116 Pine St
Redwood City, CA 94063
Multifamily Property For Sale
·
10 Units
Executive Summary
Introducing 116 Pine St. in downtown Redwood City. The property features 10 fully renovated units (kitchens, baths, floors, doors, electrical, etc. ) and offers three 2 bedroom 1 bathroom units and seven 1 bedroom 1 bathroom units. It sports an insanely desirable WalkScore of 94. Most importantly it is located one block from the 8 acre $600,000,000 Elko Yards development project. There's nothing but upside in this pocket of Redwood City and this investment provides solid returns immediately. Strong in-place RUBS. In close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. Co-listed with Matt Thomson at Compass: 650-515-6555/matt.thomson@compass.com and Larry Aikins at Terrace Realty: 650-504-4577 / laikins@aol.com. Call or e-mail agents for OM and link to Due Diligence file.
Property Facts
| Price Per Unit | $349,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 10 | Building Size | 6,300 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low-Rise | Parking Ratio | 1.42/1,000 SF |
| Zoning | MULW - S | ||
| Price Per Unit | $349,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,300 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | MULW - S |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 550 |
Property Taxes
| Parcel Number | 053-195-080 | Improvements Assessment | $601,503 |
| Land Assessment | $3,499,666 | Total Assessment | $4,101,169 |
Property Taxes
Parcel Number
053-195-080
Land Assessment
$3,499,666
Improvements Assessment
$601,503
Total Assessment
$4,101,169
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