103-115 James AVE, Redwood City, CA 94062
103-115 James AVE, Redwood City, CA 94062
103-115 James AVE, Redwood City, CA 94062
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Listed by Nate Gustavson • Compass, DRE#01898316
$2,250,000
Est. payment /mo
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7 Beds
4 Baths
4,414 SqFt
New

103-115 James AVE Redwood City, CA 94062

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Alex Kononoff

Alex Kononoff

+1(650) 207-5341

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,414 sqft

Price per Sqft $509

MLS Listing ID ML82061466

Bedrooms 7

Full Baths 4

Year Built 1922

Lot Size 6,500 Sqft

Property Sub-Type Five or More Units

Property Description

Under the same ownership as the adjacent 405 Arch Street & 77-83 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 103-115 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. The offering consists of a 4-unit apartment building plus a detached single-family residence, together totaling five (5) units on one parcel, across approximately 4,414 square feet of building area on a 6,500-square-foot lot. The unit mix includes one (1) 1-bedroom/1-bath unit (725 sqft) and four (4) 2-bedroom/1-bath units (875-925 sqft), including the detached house (1,014 sqft). Amenities include separately metered electric and gas, Siemens circuit-breaker sub-panels, and a two-car garage. California SB 721 mandated inspection has been completed and is on file. -- Built in 1922, the property generates approximately $151,560 in scheduled gross annual income, with net operating income of approximately $95,610, a 4.25% cap rate and 14.85 GRM on current rents.

Location

State CA

County San Mateo

Area High School Acres Etc.

Zoning Multifamily Residential

Rooms

Kitchen Countertop - Granite, Dishwasher, Oven Range - Gas, Pantry, Refrigerator

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Laundry Coin Operated, Washer / Dryer

Exterior

Parking Features Assigned Spaces

Garage Spaces 4.0

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 Pets - Allowed

Tax ID 052-212-010

Security Features None

Special Listing Condition Not Applicable

MLSListings Inc. (MLSListings)
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Alex Kononoff
Alex Kononoff

Agent License ID: 01387648

+1(650) 207-5341 | alexander.kononoff@exprealty.com

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103-115 James AVE