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- LoopNet Team
31 Center St
Redwood City, CA 94061
Land For Sale
·
0.22 AC

Investment Highlights
- Fully approved, entitled 7-unit townhouse development project near the Opportunity Zone in Redwood City
- Modern Townhouse Design Providing Appeal and Value Upon Completion - Good Builder Profit Margin With Reasonable Assumptions
- Contact Listing Agent for Details
- Central, Convenient Location: Easy access via El Camino Real (SR 82), SR 84, US 101 and I-280
- - Current Rental Income - $4,200 Total Income with Month-to-Month Tenancy: 2-Units - (2 BR Unit - $3,000/Month) & (1 BR Unit - $1,200/Month)
Property Facts
| Property Type | Land | Proposed Use |
Multifamily
|
| Property Subtype | Residential | Total Lot Size | 0.22 AC |
| Zoning | MUC-ECR | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use |
Multifamily
|
| Total Lot Size | 0.22 AC |
| Zoning | MUC-ECR |
Description
- Fully approved, entitled 7-unit townhouse development project in Excellent Location in Redwood City - Rarely available modern design, 3-level townhouse project with side-by-side parking garage (two parking spaces) for each townhouse - Easy access via El Camino Real (SR 82), SR 84, US 101 and I-280 - Current Rental Income - $4,200 Total Income with Month-to-Month Tenancy: 2-Units - (2 BR Unit - $3,000/Month Income) & (1 BR Unit - $1,200/Month Income) - Fee-simple opportunity with fully approved plans by the City of Redwood City - West of El Camino location with close proximity to major Silicon Valley employers such as Stanford, Facebook, Google, etc. - Modern design commands high-value premium for completed “for sale” townhouse projects
Property Taxes
| Parcel Number | 053-336-080 | Improvements Assessment | $3,355,000 |
| Land Assessment | $3,364,029 | Total Assessment | $6,719,029 |
Property Taxes
Listing ID: 19398780
Date on Market: 5/1/2020
Last Updated:
Address: 31 Center St, Redwood City, CA 94061
The Redwood Oaks Land Property at 31 Center St, Redwood City, CA 94061 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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