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2391-2395 Spring St
Redwood City, CA 94063
2393 Spring St · Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Building Size | 6,405 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1949 |
| Building Class | C | Parking Ratio | 0.78/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | M1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 6,405 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | M1 |
About 2391-2395 SPRING ST , REDWOOD CITY, CA 94063
NAI Northern California's Armand Anicete and Robert Dau have been chosen as the exclusive advisors for 2393 Spring St Redwood City, CA. Located in the Fair Oaks district of Redwood City, this 7 unit mixed-use building consisting of 5 residential units and 2 ground floor retail units offers investors a unique opportunity to invest in a property with a significant amount of upside. The premises has 10 marked outside parking spaces and 6 garage units that could be converted into storage units. This property has the potential to increase cash flow and value upon acquisition. Pro Forma Cap Rate: 7.68% Pro Forma GRM: 10.26 Located near Stanford Medical, 24 Hour Fitness, Pentair, Midpoint Technology Park, and Sobrato's Mixed-Use Development on Broadway.
Property Taxes
| Parcel Number | 054-081-080 | Improvements Assessment | $194,117 |
| Land Assessment | $2,305,379 | Total Assessment | $2,499,496 |
Property Taxes
