Properties

Comm Ri Multi-units 5+ For Sale

6,914 Sqft - 131 Cerrito Avenue, REDWOOD CITY, California 94061

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Property Description

This (9) Unit multifamily apartment complex, consists of a great unit mix of (2) 2 bedroom, 1 bathroom (6) 1 bedroom, 1 bathroom and (1) Studio Unit. 131 Cerrito Ave is located less than three miles from Downtown Redwood City and only three and a half miles from Stanford University. Along with Stanford University the property is close to Downtown Palo Alto and the Stanford Shopping Center. The property is also located right off Highway 280, making access simple and convenient. 131 Cerrito Ave has been renovated and provides each tenant with storage space, and a Ring doorbell for each unit. Two of the units have been completely remodeled with stainless steel appliances, new cabinets, updated AC units, new ceiling fans, updated bathrooms, a fresh coat of paint, and new windows. Water and garbage are paid for by the owner, while PG&E and other utilities are billed to the tenants. It has an on-site coin-less option operated washer/dryer along with assigned parking for its tenants.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81843135
Price : $4,488,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 6,914 Sqft
Year Built : 1960
Lot Area : 0.22 Sqft
Features
Heating System : Wall Furnace
Cooling System : Ceiling Fan(s)
Address Map
Country : US
State : CA
County : San Mateo
City : REDWOOD CITY
Zipcode : 94061
Street : Cerrito Avenue
Street Number : 131
Floor Number : 0
Longitude : W123° 46' 11.4''
Latitude : N37° 27' 0.5''
MLS Addon
Office Name : Compass
Building Type : Other
Area : Horgan Ranch Etc
Address : 131 Cerrito Avenue
LA1User Code : MLL5085267
LA1Agent First Name : Ray
LA1Agent Last Name : Rodriguez
Status Category : Active
Tot # Parking Spaces : 0
Tot # of Units : 9
Zoning : R-3
List $/SqFt : $0
Age : 61
Apx Lot Sq Ft : 9,438 Sqft
Type of Building : Apt Complex
Annual Taxes : $48,659
Total Deposits : $0
DISABLED FEATURES : Other
ON-SITE PARKING DESC : Spaces - Assigned
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Other, Trash Removal
TENANT PAYS : Electric, Gas
WATER/SEWER : Sewer System - Private
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) : 3.98
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $4,600,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 265680
Net Oper Income : 178424
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 2688
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 : 16.89
List Agent DRE Num. : 01999734
Filtered Address : 131 Cerrito AVE
Branded Media Link : https://player.vimeo.com/video/544659828
LA1Agent License ID : 01999734
LA1Old Agent ID : 392566
LA2Agent First Name : Tony
LA2Agent Last Name : Zizzo
LA2User Code : MLL5085268
LA2Old Agent ID : 392567
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 : 069-262-210
Showing : Call Listing Agent
LO2Office Name : Compass
LO1Main Office ID : 80937
LO1Board ID : 0
LO2Office Identifier : 80937
LO2Main Office ID : 80937
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 : 0
Search Price : 4488000
Address Search Number : 131
Listing Agent : 719292
Listing Office : 80937
Co-List Agent : 719293
Listing Office 2 : 80937
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 7
Input Date : 11/05/2021 01:33:43
Update Date : 17/11/2021 19:08:10
PhotoTimestamp : 17/11/2021 10:45:59
First Photo Add Timestamp : 11/11/2021 08:16:28
List Date : 11/05/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 11/11/2021
Price Date :
Off Market Date :
Status : Active
HOA : No
Off Market Status Date : 17/11/2021
LVT Date :
DOMLS : 191
Cumulative DOMLS : 191
Unit # 1 # of Bedrooms: 2
Unit # 1 Rent: 2700
Unit # 2 # of Bedrooms: 1
Unit # 2 Rent: 1900
Unit # 3 # of Bedrooms: 1
Unit # 3 Rent: 1900
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81843135
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 6,914 Sqft
$4,488,000
Agent info
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