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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Nate Gustavson, DRE #01898316 • Compass

$ 2,250,000

Est. payment | -/mo

7 Beds

4 Baths

4,414 SqFt

Save

$ 2,250,000

Est. payment | -/mo

Save

7 Beds

4 Baths

4,414 SqFt

Key Details

Property Type Multi-Family

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

Source MLSListings, Inc.

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 5.0

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

Tax ID 052-212-010

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

103-115 James AVE Redwood City, CA 94062