Property Detail

Description

Rarely Available, Pride-of-Ownership Westside RWC Multifamily Asset. Tree-Lined Street in Desirable, Quiet Palm Park Submarket, West of El Camino Real. Easy Access, Central Mid-Peninsula Location. Strong In-Place Cap Rate w/ Excellent Rental Upside. Nice Unit Mix: Four (4) Spacious 1 BR/1 BA (+/- 605 SF) / One (1) Large 2 BR/1 BA (+/- 828 SF) / Two (2) Oversized 2 BR/1.25 BA (+/- 887 SF). Units Feature Hardwood Floors/LVT, Copper Plumbing, Updated Electrical. Lower-Level Units Feature Private Patios, Upper-Level Units Feature High-Ceiling, Skylights, and Private Balconies. Reliable, Steady Cashflow with Proven, Strong Rental History, Low Vacancy, and Low-Maintenance Mgmt. Well-Managed Asset with Strong In-Place Rents, Good Historical Tenancy. Easy Rental & Low Vacancy. Newer 1976 Construction vs. Majority of Peninsula Apartment Inventory (50's and 60's Construction). Multitude of Capital Improvements: Dual-Pane Windows, Roof, Water Heaters, Exterior Painting, etc. Close to Redwood City Cal-Train Station, Downtown Redwood City, Downtown Menlo Park and Palo Alto/Stanford. Short Commute to Major Silicon Valley Employers: Meta, Google, Kaiser, Tesla, Stanford University, to Name a Few. Easy Access From SR-84/Woodside Rd, El Camino Real, Highways 101, 280, and Other Major Freeways.