Redwood City, CA 94061,Address not disclosed
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Redwood City, CA 94061,Address not disclosed
Redwood City, CA 94061,Address not disclosed
Redwood City, CA 94061,Address not disclosed
Redwood City, CA 94061,Address not disclosed

$4,300,000

Est. payment /mo

$4,500,000

4.4%
Est.Price: ?

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Address not disclosed Redwood City, CA 94061

SOLD DATE : 06/09/2022

Key Details

Sold Price $4,300,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81879175

Sold Date 06/09/22

HOA Y/N No

Year Built 1946

Annual Tax Amount $49,091

Property Description

The Magnify Investment Team is pleased to exclusively present the opportunity to acquire 122 Vera Ave, ten (10) unit multi-investment property located in the highly desirable city of Redwood City. Constructed in 1946, the property consists of (10) one-bedroom/one-bath units amounting to a building square feet of 8,430. The property sits on nearly 0.59 acres of land with strong upside in rents and significant redevelopment potential. It also features dual-pane windows, attached single car garages, private backyards, washer/dryer in each unit, separate water heaters, and more. The property is in an excellent location, nearby several major development projects and is walking distance to Downtown Redwood City and the Caltrain station. It also features easy access to El Camino Real, and highways 101 and 280.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R-4

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Composition

Schools

School District Other

Others

Tax ID 053064140

Financing Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Eric Katz Katz Inc
Bought with Eric Katz Katz Inc
Summer Henry

Summer Henry

Agent | License ID: 02237810

+1(562) 489-6263

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