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Listed by Eymon Binesh • Marcus & Millichap

$3,288,000

Est. payment - /mo

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3 Beds

2 Baths

4,472 SqFt

Pending

645 Elm ST Redwood City, CA 94063

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Dennis Sanchez

dennis@berrirealestate.com +1(415) 988-1923

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Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,472 sqft

Price per Sqft $735

MLS Listing ID ML82000593

Bedrooms 3

Full Baths 2

Year Built 1955

Lot Size 7,579 Sqft

Property Sub-Type Five or More Units

Property Description

Marcus & Millichap is please to present 645 Elm St, a stunning 8-unit community located in the thriving city of Redwood City, California. Situated on a quiet cul-de-sac, the asset offers residents beautifully designed two-bedroom and one-bedroom floor plans. The property also features convenient amenities such as private parking for all units, and an on-site laundry facility. Price at nearly a 5.75% CAP on current metrics, this asset qualifies for excellent bank financing, and is one of the highest yields available in San Mateo County. Located steps from lively Downtown Redwood City, residents are within a 15 minute walk to Sequoia Station, Whole Foods Market, Box Headquarters, and much more. The property is also within a 10 minute drive to Meta's Headquarters in Menlo Park. The Redwood City Caltrain Station is less than a mile away, which provides an inexpensive, hassle free commute to major employers in San Francisco, the Peninsula, and South Bay. With a world-class location in the heart of the Peninsula, 645 Elm Street presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Location

State CA

County San Mateo

Area Alpine Road Area

Zoning R-4

Rooms

Kitchen Countertop - Granite, Oven Range, Refrigerator

Interior

Heating Wall Furnace

Cooling None

Flooring Hardwood, Laminate, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Carport , Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Rolled Composition

Building

Foundation Concrete Slab

Sewer Sewer Connected

Water Public

Others

Restrictions None

Tax ID 053-245-430

Security Features None

Special Listing Condition Not Applicable

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Dennis Sanchez

Founder | Broker Associate | CA DRE#01906875

+1(415) 988-1923

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645 Elm ST Redwood City, CA 94063

Dennis Sanchez

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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645 Elm ST