405 Arch ST, Redwood City, CA 94062
405 Arch ST, Redwood City, CA 94062
405 Arch ST, Redwood City, CA 94062
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Kamala Venkatesan

Kamala Venkatesan

+1(408) 807-3483
Listed by Nate Gustavson • Compass, DRE#01898316
$1,800,000
Est. payment /mo
3 Beds
2 Baths
3,855 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 3,855 sqft

Price per Sqft $466

MLS Listing ID ML82061485

Bedrooms 3

Full Baths 2

Year Built 1923

Lot Size 6,000 Sqft

Property Sub-Type Five or More Units

Property Description

Under the same ownership as the adjacent 103-115 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 405 Arch Street & 77-83 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. Offered at $1,800,000, the property consists of five (5) units across approximately 3,855 square feet of building area on a 6,000-square-foot lot. The unit mix includes four (4) 1-bedroom/1-bath units (770 sqft) and one (1) 2-bedroom/1-bath unit (775 sqft) -- The property sits in a quiet, tree-lined residential pocket within walking distance of Downtown Redwood City's shops and restaurants, the Safeway-anchored Sequoia Shopping Center, and Caltrain, with convenient access to Highway 101 and I-280. Amenities include owned washer/dryer, separately metered electric and gas, and Siemens circuit-breaker sub-panels. California SB 721 mandated inspection has been completed and is on file. -- Built in 1923, the property generates approximately $112,140 in scheduled gross annual income, with net operating income of approximately $63,128, a 3.51% cap rate and 16.05 GRM.

Location

State CA

County San Mateo

Area High School Acres Etc.

Zoning Multifamily Residential

Rooms

Kitchen Countertop - Granite, Countertop - Marble, Oven Range - Gas, Pantry, Refrigerator, Varies by Unit

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Hardwood, Laminate, Tile, Vinyl / Linoleum

Laundry Washer / Dryer

Exterior

Parking Features Assigned Spaces, Covered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Elastomeric,Shingle

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions None

Tax ID 052-211-070

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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