Gordon Apartments 1440 Gordon St 15 Unit Apartment Building $7,300,000 ($486,667/Unit) 4.87% Cap Rate Redwood City, CA 94061

1440 Gordon St is an exceptional 15-unit apartment community located in the thriving city of Redwood City, California.
Situated on a 21,725 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 14,110 square feet, offering its tenants beautifully designed three-bedroom, two-bedroom, and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as on-site covered parking and private balconies for select units
The subject property is located just minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Express services is also close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, residents enjoy easy access to the major transportation corridors of U.S. Highway 101, Interstate 280, the San Mateo- Hayward Bridge and the Dumbarton Bridge.
The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 1440 Gordon St presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.