Sold
36, 44, 70 Renato
REDWOOD CITY CA, 94061
$25,400,000
$739.23 per sqft
Sold
34,360 sqft
Multi-family
Built in 1963
Listed by Newmark Cornish & Carey, Justin Bautista, Brian Henry Listing Contact: 6509969384
Atherton Green benefits from an excellent location West of El Camino Real on the border of Atherton and Menlo Park. 50 units - (10) Studios, (28) 1+1, (8) 2+1, (3) 2+1.5 and (1) 2+2. Additional 51st non-conforming 1+1 that can be rented out. Modern exterior renovation. Renovated interiors. All units feature in unit washers & dryers, patios/balconies. Secured buildings with spacious on-site rental office. Outdoor community area with built-in BBQ. Several units have been furnished and are achieving rents of $3,400/month for studios. Strong in place rents with upside potential. Market Cap Rate of 5.31%. Attractive assumable debt available.
ML81736473
MLSⓇ ID
March 9, 2024
Updated
Map
36, 44, 70 Renato
REDWOOD CITY CA, 94061
Interior Features
Interior Features
Elevator
Appliances
Washer
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
1.38 Acres
Roof
Composition
Sewer
Public Sewer
School Information
School District
935
Other Property Details
Garage
Yes
Garage Spaces
3
Parking
Detached
Parking Total
3
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
RM
Listed by Newmark Cornish & Carey, Justin Bautista, Brian Henry
Listing Contact: 6509969384
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Data last updated 9:51 PM UTC, 3/9/2024