154 Poplar Avenue,Redwood City, CA 94061
Redwood City, CA 94061
Description
Prime 5-unit apartment building. Excellent unit mix: (3) 2+1, (2) 1+1. 5.78% DAY ONE CAP RATE. 11.97 DAY ONE GRM. Outstanding cash flow and strong in-place RUBS & laundry income. Ideally located west of the El Camino Real in close proximity to all the dining, shopping & entertainment amenities of downtown Redwood City. Strategically positioned between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination for businesses, residents, and visitors. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.
Details
| MLS# | ML81997635 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1964 |
| Days On Site | 46 |
| Listing Provided By | Compass (415) 874-5000 | Matthew Thomson |
Features
| SQ Feet | 5,050 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | R3 |
| Acreage | 0.13 |
Market Activity 94061
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Learn More About This Property
| State | CA |
|---|---|
| County | San Mateo |
| City | Redwood City |
| Zip Code | 94061 |
| Area | 699 Not Defined |
| School District | Other |
| Listing VS Median (in 94061) | |
Price: $1,995,000 low | high Med: $1,988,000 SqFt: 5,050 low | high Med: 1,700 $ / SqFt: $395 low | high Med: $1,169 On site: 46 low | high Med: 7.000000 | |