125 Oak Ave | Redwood City

125 Oak Ave | Redwood City

Sold

Redwood City, CA 94061

$2,625,000 Marketing Sheet

125 Oak Avenue, in Redwood City California is a charming eight unit apartment building located in the Palm Park neighborhood of Redwood City. The property has an excellent unit mix consisting of two (2) studios, two (2) twobedroom/one-bath, and four (4) one-bedroom/one-bathroom units. All eight units are currently being rented far below market rate, with upside over 35%!

 

The subject property offers ample parking, consisting of eight (8) private garage spaces. It also is equipped with laundry, large storage spaces for all tenants, and is separately metered for gas and electricity.

 

125 Oak Ave is centrally located within Redwood City, and is close to many popular retail stores such as Bed Bath and Beyond, restaurants like Subway and Harry’s Hofbrau, and coffee shops such as Starbucks just a half block down the street. The property is conveniently located, situated a block west of the El Camino Real, two blocks north of Woodside Road, and a mile from Highway 101.

Cap Rate: 3.03% NOI: $79,625 Livable Sq. Ft: 6,317

Built in 1960 8 units Lot Sq. Ft: 8,316

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