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Listed by Compass
$ 2,250,000
Est. payment /mo
Active
103-115 James Avenue Redwood City, CA 94062
4,414 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,414 sqft
Price per Sqft $509
MLS Listing ID ML82061466
HOA Y/N No
Year Built 1922
Lot Size 6,500 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Under the same ownership as the adjacent 405 Arch Street & 77-83 James Avenue, the two properties may be purchased together as a combined 10-unit portfolio or acquired separately. --- Compass Commercial is pleased to announce the exclusive listing of 103-115 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. The offering consists of a 4-unit apartment building plus a detached single-family residence, together totaling five (5) units on one parcel, across approximately 4,414 square feet of building area on a 6,500-square-foot lot. The unit mix includes one (1) 1-bedroom/1-bath unit (725 sqft) and four (4) 2-bedroom/1-bath units (875-925 sqft), including the detached house (1,014 sqft). Amenities include separately metered electric and gas, Siemens circuit-breaker sub-panels, and a two-car garage. California SB 721 mandated inspection has been completed and is on file. -- Built in 1922, the property generates approximately $151,560 in scheduled gross annual income, with net operating income of approximately $95,610, a 4.25% cap rate and 14.85 GRM on current rents.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Water Public