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This investmnet opportunity provides the savvy investor an excellent opportunity to either continue to operate the property as-is while bringing the current rents to market or to add value by renovating the units and raising the rents even further.
" Sought after Redwood City location
" 50 Percent of units are large two-bed/two-bath
" Significant upside in rents
" Recent capital improvements including new roof
" New double pane windows
" Two secured parking spaces per unit
" Fully occupied
Located only blocks from downtown Redwood City and centrally located between San Francisco and Silicon Valley. The property is close proximity to major freeways, public transportation, award winning
schools and the Bay Area' s numerous employers.
- Built in 1977
- Parking: Garage - Attached
- Controlled Access
- Flooring: Carpet
- Gated Entry
- Exterior material: Stucco
- Unit count: 8
- Floor size: 7,924 sqft
- Heating: Gas
- Unit floor #: 3
- Zillow Home ID: 2113204972
The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
Popularity on Zillow
Homes like this sold for $175K-6.0M.
Market guideZillow predicts 94063 home values will increase 7.1% next year, compared to a 6.5% increase for Redwood City as a whole.
Foreclosures will be a factor impacting home values in the next several years. In 94063, the number of foreclosures waiting to be sold is 6.2% greater than in Redwood City, and 12.4% greater than the national average. This higher local number may prevent 94063 home values from rising as quickly as other regions in Redwood City.
Learn more about forecast calculations or 94063 home values.
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Nearby Schools in Redwood City
Data by GreatSchools.org
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