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736 Madison Ave 6 Unit Apartment Building $3,300,000 ($550,000/Unit) 4.23% Cap Rate Redwood City, CA 94061
Investment Highlights
- Pride of Ownership 6-Unit Townhouse Asset
- Proximity to Vibrant Downtown Redwood City
- Large Unit Layouts
- Abundant Lifestyle Amenities
Executive Summary
Pride of Ownership 6-Unit Townhouse Asset - Investors have the rare opportunity to acquire a pride of ownership 6-unit townhouse asset located between the lively Downtown Redwood City and the prestigious Emerald Hills.
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Property Facts
| Price | $3,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $550,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.23% | Building Size | 8,404 SF |
| Gross Rent Multiplier | 14.9 | Average Occupancy | 97% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Zoning | R2, Redwood City | ||
| Price | $3,300,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| Gross Rent Multiplier | 14.9 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 8,404 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | R2, Redwood City |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 5 | - | - |
| 3+2.5 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 053-021-220 | Improvements Assessment | $602,808 |
| Land Assessment | $1,275,328 | Total Assessment | $1,878,136 |
Property Taxes
Parcel Number
053-021-220
Land Assessment
$1,275,328
Improvements Assessment
$602,808
Total Assessment
$1,878,136
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736 Madison Ave
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