Comm Ri Multi-units 5+ For Sale
5,416 Sqft - 1410 Hess Road, REDWOOD CITY, California 94061
Property Description
TURNKEY OPPORTUNITY in desirable Redwood City location. (6) Fully renovated units and (1) partially renovated unit. Strong curb appeal – Updated exterior with fresh coat paint, modern address numbers and lights. (2) Large Private Yards. (6) Private garages and 2:1 tandem parking. Attractively landscaped, large corner lot. Strong in-place rents with upside potential. Great rental location – West of El Camino Real near Woodside Road. Convenient to parks, schools, shopping & Downtown Redwood City. Outstanding debt available – buyer should be able to secure a 7-year fixed around 3.25% with 3-4 years of interest only payments.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81865099
Price : $3,500,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,416 Sqft
Year Built : 1958
Lot Area : 0.20 Sqft
Features
Heating System : Gas, Wall Furnace
Address Map
Country : US
State : CA
County : San Mateo
City : REDWOOD CITY
Zipcode : 94061
Street : Hess Road
Street Number : 1410
Floor Number : 0
Longitude : W123° 46' 25.5''
Latitude : N37° 28' 19.8''
MLS Addon
Office Name : Newmark Cornish & Carey
Building Type : Other
Area : Central Park Etc
Address : 1410 Hess Road
Cross Street : Poplar Avenue
LA1User Code : MLL5066982
LA1Agent First Name : Justin
LA1Agent Last Name : Bautista
Status Category : Pending
Tot # Parking Spaces : 7
Tot # of Units : 7
Zoning : RM
List $/SqFt : $0
Age : 63
Apx Lot Sq Ft : 8,625 Sqft
Type of Building : Apt Complex
Annual Taxes : $38,107
Total Deposits : $0
ALL UNITS HAVE : Refrigerator, Updated Baths, Updated Kitchen
FLOORING : Tile, Laminate
ON-SITE PARKING DESC : Covered Parking, Tandem Parking
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Trash Removal, Vacancy Factor, Water
SOME UNITS HAVE : Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
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) : 3.78
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,500,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 195540
Net Oper Income : 132440
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 15219
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 : 17.47
List Agent DRE Num. : 01268331
Filtered Address : 1410 Hess RD
LA1Agent License ID : 01268331
LA1Old Agent ID : 306597
LA2Agent First Name : Steve
LA2Agent Last Name : Zirelli
LA2User Code : MLL5067459
LA2Old Agent ID : 308407
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 : 053-273-070
Showing : See Confidential Remarks
LO2Office Name : Cornish & Carey Commercial
LO1Main Office ID : 76108
LO1Board ID : 0
LO2Office Identifier : 70361
LO2Main Office ID : 70361
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 3
Search Price : 3500000
Address Search Number : 1410
Listing Agent : 281553
Listing Office : 76108
Co-List Agent : 282030
Listing Office 2 : 70361
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 18
Input Date : 01/10/2021 19:37:59
Update Date : 16/10/2021 10:03:16
PhotoTimestamp : 16/10/2021 02:49:04
First Photo Add Timestamp :
List Date : 01/10/2021
Expire Date :
Pending Date : 14/10/2021
Closing Date : 14/01/2022
Status Date : 15/10/2021
Price Date :
Off Market Date : 14/10/2021
Status : Pending Show for Backups
HOA : No
City Transfer Tax : No
Off Market Status Date :
LVT Date :
DOMLS : 13
Cumulative DOMLS : 13
Unit # 1 # of Bedrooms: 1
Unit # 1 Rent: 2150
Unit # 2 # of Bedrooms: 2
Unit # 2 Rent: 2550
