Property Details
About this Property
First Time on Market in 40+ Years! Best Value 4-Unit Property in Redwood City: 3.18% CAP on Current Rents & 5.0% CAP on Market Rents! Individually-Addressed Apt. Units: 232-234 Berkshire-Two (2) 1 BR/1 BA Units, 215-217 First Ave-Two (2) 1 BR/1 BA + Extra Bedroom/Den. 10 Total Parking Spaces. 2 Convenient Pull-Up Parking Spaces Per Unit. 2 APN's Offer Future Development Potential: 054-206-030 is Vacant Land (Used as Tenant Yard), 054-206-040 Offers 4 Easy-to-Rent Units w/ Immediate Cashflow. Current CAP Rate: 3.18%/GRM: 16.2. Pro-Forma CAP Rate: 5.0%/GRM: 12.3. Cost/SF: $578/SF. Separate Meters: Tenants Pay PG&E / Owner Pays: Water/Garbage. Functional Floorplans & Good Parking Access: Easy to Rent and Straightforward, Headache-Free Management. Strong Historical Tenancy. 234 Berkshire-Section 8 Housing: $1,282/Tenant: $223. Convenient Location Near Middlefield Rd, ECR, Woodside Rd/84, 101, 280. Proven Cash Cow Offering Good Hedge Against Inflation. Make Appt. w/ Agent Before Tour.
MLS Listing Information
MLS #
ML81923005
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Countertop - Formica, Countertop - Granite
Appliances
Oven Range - Gas, Refrigerator
Cooling
Ceiling Fan
Heating
Gas, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter, Crawl Space
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Parking Area, Tandem Parking, Garage: 0 Car(s)
Elementary District
Redwood City Elementary
High School District
Sequoia Union High
Sewer
Public Sewer
Water
Public
Zoning
R300S5
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | 4 | – |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 525 | 1 | 1/0 | $1,550 |
| 2 | 525 | 1 | 1/0 | $1,505 |
| 3 | 600 | 1 | 1/0 | $1,820 |
| 4 | 600 | 1 | 1/0 | $1,820 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
232 Berkshire Ave is a Residential Income in Redwood City, CA 94063. This 2,250 square foot property sits on a 2,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,280,000 and was built in 1951. This address can also be written as 232 Berkshire Ave, Redwood City, CA 94063.
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This listing information is up-to-date as of June 19, 2024. For the most current information, please contact Don Sung, (650) 380-5188
