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1551 Regent St
Redwood City, CA 94061
Woodside North · Multifamily Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.89 AC |
| Property Type | Multifamily | Building Size | 23,819 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1961/2019 |
| Building Class | C | Parking Ratio | 0.97/1,000 SF |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 23,819 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2019 |
| Parking Ratio | 0.97/1,000 SF |
ABOUT 1551 REGENT ST , REDWOOD CITY, CA 94061
Levin Johnston Commercial Real Estate Advisors have been selected to exclusively market for sale, Woodside North, a stunning, extensively renovated, 22-unit apartment community located at 1551 Regent Street in thriving Redwood City, California. Situated on a large 0.89 Acre parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 23,819 square feet, offering its tenants beautifully designed, recently renovated, one, two and three-bedroom floor-plans. Woodside North has recently undergone significant exterior and interior renovations. In-Unit washers and dryers have been added to every unit. 20 of the 22 unit interiors have been completely remodeled with modern, high-end designer finishes, dual pane windows, updated kitchens, modern hard flooring, designer paint, electronic thermostats, window coverings, and new carpeting. The complete renovation plan can be summarized on the following page titled “Scope of Renovations”. Tenants at Woodside North enjoy access to many convenient community amenities including a serene, central community courtyard with fire pit, BBQ/picnic area, private garages, and covered carport parking, on-site leasing office, and additional private storage rooms. 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 Silicon Valley, Woodside North presents an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 570 |
| 2+1 | 12 | - | 734 |
| 2+2 | 1 | - | 1,191 |
| 3+2 | 1 | - | 1,230 |
PROPERTY TAXES
| Parcel Number | 059-083-010 | Improvements Assessment | $6,086,000 |
| Land Assessment | $5,314,000 | Total Assessment | $11,400,000 |
PROPERTY TAXES
