35 Atherwood Avenue Redwood City, CA 94061
7 bed / 5,017 Sq. Ft. / 6,957 Sq. Ft., 0.16 acres lot size / Multi-Family
Status: Sold
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This rare Redwood City 6-Unit apartment building in the coveted Redwood Oaks neighborhood could be the perfect investment with upside for discerning buyers. 35 Atherwood Avenue, which consists of one 2BD/1BA and five 1BD/1BAs, will be delivered with four of the six units rented at close, and two units (both 1BD/1BAs) vacant and ready for the next owners to obtain market rate rents. Per the public tax records, the property measures 5,017 Sq Ft on the interior, and is nicely situated on a 6,955 Sq Ft lot with ample parking onsite and a coin-op laundry facility. Held by long-term family owners for many years, the building has a projected gross annual income in the $144,000 range with a current CAP rate in the 5.5% range. Located close to local schools, parks, shopping, dining, markets and easy freeway access, 35 Atherwood should provide an attractive tenant offering and investment for years to come. Don't miss the opportunity to add this unique opportunity to your portfolio!
property details
Type
Multi-Family
Status
Closed
County
San Mateo
Year Built
1957
Sq. Ft.
5,017
Lot Size
6,957 Sq. Ft., 0.2 acres
Listing Id
424035113
Courtesy Of
Andrew de Vries - Berkshire Hathaway-Franciscan +1 415 585 5200
List Office Phone
+1 (415) 664-9400
Interior Features
Beds
7
Living Area Units
Sq. Ft.
Flooring
Tile
Vinyl
Laminate
Vinyl
Laminate
Exterior Features
Parking
Attached Garage
Off Street
Off Street
Stories
2
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Wall Furnace
Building Area Total
5,017 Sq. Ft.
Architectural Style
Traditional
2 Story
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
06/18/2024
06/18/2024
|
Sold |
$2,000,000
|
San Francisco Association of Realtors |
|
06/08/2024
06/08/2024
|
Pending |
$1,749,000
|
San Francisco Association of Realtors |
|
05/23/2024
05/23/2024
|
Active |
$1,749,000
|
San Francisco Association of Realtors |
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Market Trends
Source: Constellation1
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