128 Roosevelt AVE, Redwood City, CA 94061
128 Roosevelt AVE, Redwood City, CA 94061
128 Roosevelt AVE, Redwood City, CA 94061
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Kamala Venkatesan

Kamala Venkatesan

+1(408) 807-3483
Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152
$3,100,000
Est. payment /mo
1 Bed
1 Bath
6,976 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,976 sqft

Price per Sqft $444

MLS Listing ID ML82054947

Bedrooms 1

Full Baths 1

Year Built 1951

Lot Size 9,966 Sqft

Property Sub-Type Five or More Units

Property Description

Value-add opportunity in downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10 unit apartment community offering a compelling value-add investment opportunity in one of the Peninsulas most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R-4

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Exterior

Parking Features Carport , Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 053-094-120

Security Features None

Special Listing Condition Not Applicable

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Kamala Venkatesan

Kamala Venkatesan

+1(408) 807-3483

Agent | License ID: DRE# 01387418

Agent License ID: DRE# 01387418

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