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1331 Jefferson Ave
Redwood City, CA 94062
Velocity at Sequoia Station · Multifamily Property For Sale
·
30 Units
PROPERTY FACTS
| No. Units | 30 | Building Size | 34,300 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2017 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | R-4, Redwood City | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 34,300 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2017 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R-4, Redwood City |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Picnic Area
- Elevator
ABOUT 1331 JEFFERSON AVE , REDWOOD CITY, CA 94062
Marcus & Millichap has been selected to exclusively market for sale Velocity at Sequoia Station, a turnkey, extensively renovated, thirty (30) unit apartment community located at 1331 Jefferson Avenue in thriving Redwood City, CA. Situated on a prime 0.4-acre parcel of land, the subject property was originally constructed in 1963 and has a total gross area of approximately 34,300 square feet, offering residents quality one-bedroom/ one-bathroom floor plans of approximately 650 square feet. Located in Redwood City, California, Velocity at Sequoia Station presents a rare opportunity to acquire a turnkey asset in the Bay Area’s Mid-Peninsula, one of the strongest rental markets in the country. Velocity at Sequoia Station is situated across the street from Whole Foods Market and walking distance to downtown Redwood City’s wonderful selection of shopping, dining and entertainment options including Century Theater, Philz Coffee and the weekend Farmers Market. Redwood City also hosts many annual special events such as the Salsa Festival, Art on the Square, Shakespeare in the Park, outdoor movies and more all set in an attractive, pedestrian-friendly district.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | $2,411 | 650 |
PROPERTY TAXES
| Parcel Number | 053-043-280 | Improvements Assessment | $13,155,755 |
| Land Assessment | $3,982,401 | Total Assessment | $17,138,156 |
PROPERTY TAXES
