31 Center St
Redwood City, CA 94061
Land For Sale
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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
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
