757 Warrington Ave 4 Unit Apartment Building Offered at $1,800,000 at a 3.23% Cap Rate Redwood City, CA 94063

757 Warrington Ave is an exceptional fourplex investment opportunity located in the thriving city of Redwood City, California.
Situated on a 4,929 square foot parcel of land, the subject property was originally constructed in 1949 and has a gross building area of approximately 2,080 square feet, offering its tenants beautifully designed one-bedroom floor plans. Tenants enjoy upgraded unit interiors featuring double pane windows, renovated kitchens, granite countertops, kitchen tile flooring and modern cabinetry. Additionally, the subject property features individual tankless water heaters and a three-car garage.
The subject property is located just minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Express services is also close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, residents enjoy easy access to the major transportation corridors of U.S. Highway 101, Interstate 280, the San Mateo- Hayward Bridge and the Dumbarton Bridge.
The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 757 Warrington Ave presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.