Properties

Comm Ri Multi-units 5+ For Sale

7,698 Sqft - 580 Geneva Avenue, REDWOOD CITY, California 94061

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Property Description

Introducing 580 Geneva Avenue, a fantastic opportunity to acquire 8 renovated units in west Redwood City. The building is comprised of (2) 2 bed 1 bath units (one with private yard) and (6) 1 bed 1 bath units (one with private yard). Each unit comes with a finished single car garage that includes a private laundry room in each. All units have been updated including full kitchen and baths complete with Quarts counters, designer tile, undermount sinks, stainless steel appliances, led lighting, dual pane windows, new electrical subpanels and beautiful oak flooring. Income and expenses listed are actual and in place. Unit #5 is intentionally being left vacant to show but is being accounted at $2,350 per month rent. Repairs and maintenance expenses have historically been significantly below the $4,000 listed amount. Excellent turnkey opportunity in a great location of the mid-peninsula! All units have been renovated with the same quality materials. Must be seen.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81854381
Price : $3,998,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 7,698 Sqft
Year Built : 1958
Lot Area : 0.22 Sqft
Features
Heating System : Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : San Mateo
City : REDWOOD CITY
Zipcode : 94061
Street : Geneva Avenue
Street Number : 580
Floor Number : 0
Longitude : W123° 46' 27.8''
Latitude : N37° 28' 16.4''
MLS Addon
Office Name : Cornish & Carey Commercial
Building Type : Other
Area : Central Park Etc
Address : 580 Geneva Avenue
LA1User Code : MLL5067459
LA1Agent First Name : Steve
LA1Agent Last Name : Zirelli
Status Category : Sold
Tot # Parking Spaces : 3
Tot # of Units : 8
Zoning : R400
List $/SqFt : $0
Age : 63
Apx Lot Sq Ft : 9,520 Sqft
Type of Building : Apt Complex
Annual Taxes : $43,679
Total Deposits : $0
ALL UNITS HAVE : Refrigerator, Updated Baths, Updated Kitchen
ON-SITE PARKING DESC : Enclosed Garage
OPERATING EXPENSES : Trash Removal, Utilities, Vacancy Factor
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,998,000
Sold Price : $3,980,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 239160
Net Oper Income : 159941
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 12927
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 16.72
Buyer Agent DRE Num. : 01789680
List Agent DRE Num. : 01929245
Filtered Address : 580 Geneva AVE
LA1Agent License ID : 01929245
LA1Old Agent ID : 308407
SA1Agent First Name : Bryan
SA1Agent Last Name : Danforth
SA1Agent License ID : 01789680
SA1User Code : MLL5067042
SA1Old Agent ID : 306839
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 053-292-060
Showing : Call Listing Agent
SA2Agent First Name : Brian
SA2Agent Last Name : Henry
SA2Agent License ID : 01385537
SA2Old Agent ID : 360474
SO1Office Abbreviation : MLL5009335
SO1Office Name : Newmark Cornish & Carey
LO1Main Office ID : 70361
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 76108
SO1Board ID : 0
SO2Office Identifier : 70361
SO2Office Type : 0
SO2Office Name : Cornish & Carey Commercial
SO2Office State : CA
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3980000
Address Search Number : 580
Listing Agent : 282030
Listing Office : 70361
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 281613
Buying Office 1 : 76108
Co-Sell Agent : 307219
Buying Office 2 : 70361
Photo Count : 40
Input Date : 20/07/2021 13:47:55
Update Date : 28/10/2021 10:03:11
PhotoTimestamp : 28/10/2021 01:44:23
First Photo Add Timestamp :
List Date : 20/07/2021
Expire Date :
Pending Date : 31/07/2021
Closing Date : 25/10/2021
Status Date : 27/10/2021
Price Date :
Off Market Date : 31/07/2021
Status : Sold
Dual Variable : Yes
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 11
Cumulative DOMLS : 11
Unit # 1 # of Bedrooms: 2
Unit # 1 Rent: 2845
Unit # 2 # of Bedrooms: 1
Unit # 2 Rent: 2340
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81854381
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 7,698 Sqft
$3,998,000
Agent info
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