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Key Details
Sold Price $993,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,162 sqft
Price per Sqft $854
MLS Listing ID ML81761778
Sold Date 09/30/19
HOA Y/N No
Year Built 1947
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
250 B Street provides an exceptional value add opportunity for a peninsula investor. Value addition through landscaping, interior renovations, exterior renovations and rent roll increases. Redwood City is not a rent controlled market, therefore the substantial upside in rents can be capitalized upon quickly. Detatched 2 car garage is being utilized as storage by the tenants, Spacious bakyard with long driveway. Exceptional layouts of units make them feel large. Located in the heart of the peninsula, 250 B St, in Redwood City, is perfectly situated for apartment tenants who work at one of the myriad of local tech companies. Redwood City is in incredibly high demand for its adjacent location to ultra wealthy zip codes and convenient location to all that the San Francisco Bay Area offers. Very close proximity to major Highways 82, El Camino Real, and 101. Located 5 minutes from Downtown Redwood City and the Theatre's, museums and restaurants that it offers.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R10006
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Forced Air, Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Roof Type Composition
Accessibility None
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools John F. Kennedy
High Schools Sequoia
School District Other
Others
Tax ID 052117060
Financing Conventional
Special Listing Condition Standard
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Bought with Richard Williamson