715 Roosevelt Ave
Redwood City, CA 94061
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Outstanding income, great GRM and CAP
- Central location in the heart of Redwood City, close to Standford University and tech employers Google, Facebook, etc.
- Future potential to double square footage
Property Facts
| No. Units | 4 | Building Size | 3,300 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1908/2018 |
| Building Class | C | Parking Ratio | 0.91/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | R3, Redwood City - Residential multi-family medium density | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,300 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1908/2018 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R3, Redwood City - Residential multi-family medium density |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Hardwood Floors
- Refrigerator
- Patio
Site Amenities
- Fenced Lot
About 715 ROOSEVELT AVE , REDWOOD CITY, CA 94061
Fantastic income property features four houses plus two garages all on one parcel. Brings in excellent cash flow for now, and imagine the future possibilities with 8,000 sq. ft. +/- maximum square footage, per City of Redwood City zoning. Current total square footage is approximately 4,000 for houses and garages. Charming original bungalow house (711 Roosevelt) appears to have been built in 1908 and was extensively remodeled in 2018 (2 BR + 1.5 BA). Second house (1124 Ebener St.) possibly built around 1940 has one-car garage and long driveway for RV and cars (2 BR + 1 BA). Third house (715-A Roosevelt) is a one-bedroom cottage apx. 500 sq. ft. plus attached partially-finished garage for office/storage (1BR + 1 BA). Fourth house (715-B Roosevelt) is a cozy cottage apx. 400 sq. ft. (1 BR, 1 BA). Tenants really like to live here because each house has a private, fenced yard.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $4,050 | - |
| 2+1 | 1 | $3,542 | - |
| 1+1 | 2 | $2,495 | - |
Property Taxes
| Parcel Number | 053-106-310 | Improvements Assessment | $204,260 |
| Land Assessment | $505,658 | Total Assessment | $709,918 |
Property Taxes
