201 4th Avenue , Redwood City , CA 94063; Multifamily Properties For Sale; A-1 in Alameda County
No. Units: 20
Building Size: 14,011 SF
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
No. Stories: 3
Year Built: 1963
The building consists of (20) one-bedroom/ one-bath units. The property is well maintained and benefits from multiple recent improvements including double pane windows in various units and several interior upgrades. Rents are currently below market allowing a purchaser to add value immediately. The building also has a rooftop cell tower on lease that provides significant additional income, as well as an on-site laundry facility with newer washer & dryers. The cell tower is essentially an extra unit so fair pricing can be based on 21 total units. A partially upgraded unit just achieved $1,550 proving the upside this property offers a new owner.
201 4th Avenue is strategically located on a corner lot in Redwood City in a quiet residential neighborhood in close proximity to various shopping, dining and cultural amenities of the downtown area as well as several major development projects highlighted in the attached Offering Memorandum.