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Eric Boyenga

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

Listed by Nate Gustavson, DRE #01898316 • Compass

$ 1,800,000

Est. payment | -/mo

3 Beds

2 Baths

3,855 SqFt

Save

$ 1,800,000

Est. payment | -/mo

Save

3 Beds

2 Baths

3,855 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,855 sqft

Price per Sqft $466

MLS Listing ID ML82061485

Bedrooms 3

Full Baths 2

Year Built 1923

Lot Size 6,000 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Under the same ownership as the adjacent 103-115 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 405 Arch Street & 77-83 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. Offered at $1,800,000, the property consists of five (5) units across approximately 3,855 square feet of building area on a 6,000-square-foot lot. The unit mix includes four (4) 1-bedroom/1-bath units (770 sqft) and one (1) 2-bedroom/1-bath unit (775 sqft) -- The property sits in a quiet, tree-lined residential pocket within walking distance of Downtown Redwood City's shops and restaurants, the Safeway-anchored Sequoia Shopping Center, and Caltrain, with convenient access to Highway 101 and I-280. Amenities include owned washer/dryer, separately metered electric and gas, and Siemens circuit-breaker sub-panels. California SB 721 mandated inspection has been completed and is on file. -- Built in 1923, the property generates approximately $112,140 in scheduled gross annual income, with net operating income of approximately $63,128, a 3.51% cap rate and 16.05 GRM.

Location

State CA

County San Mateo

Area High School Acres Etc.

Zoning Multifamily Residential

Rooms

Kitchen Countertop - Granite, Countertop - Marble, Oven Range - Gas, Pantry, Refrigerator, Varies by Unit

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Hardwood, Laminate, Tile, Vinyl / Linoleum

Laundry Washer / Dryer

Exterior

Parking Features Assigned Spaces, Covered Parking

Garage Spaces 1.0

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 052-211-070

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

405 Arch ST Redwood City, CA 94062