217 Alden ST, Redwood City, CA 94063
- $2,500,000
- 4,992
- SqFt
- List Price
- $2,500,000
- MLS#
- ML82054736
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 4,992
- Lot Size
- 5,000
- Listing Area
- Lenolt Etc.
- Year Built
- 1946
Property Description
Well-Located Apartment Investment ±4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a ±5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City · Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.
Additional Information
- Age
- 80
- Cooling System
- None
- Foundation
- Other
- Garage Parking
- Assigned Spaces
- Heating System
- Other
- Living Area
- 4,992
- Lot Size
- 5,000
- Neighborhood
- Lenolt Etc.
- Other Utilities
- Other
- Roof
- Shingle
- Sewer
- Other
- Special Features
- Other
- Unincorporated Yn
- Yes
- Zoning
- r5
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Listing courtesy of Steve Belluomini from Corcoran Icon Properties. (650) 281-8877
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