Cheyenne Celestine

217 Alden Street, Redwood City, CA 94063

$2,500,000
  • 217 Alden Street, Redwood City, CA 94063 Main Photo

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New to the Market Active
MLS#ML82054736
STATUSActive PROPERTY TYPECommercial - Business SCHOOLOther

Listing Courtesy of: Corcoran Icon Properties
Agency Phone: (650) 578-0200
Associate Name: Steve Belluomini
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Listing Shown by: Farrell Smyth, Inc.
Associate Name: Cheyenne Celestine


Property Description

Well-Located Apartment Investment ±4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a ??±5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City ??· Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.

217 Alden Street | MLS# ML82054736

This commercial property located at 217 Alden Street, Redwood City, CA 94063 is currently listed for sale with an asking price of $2,500,000. Alden Street is located within the Other school district. Search Redwood City real estate on ccelestine.farrellsmyth.com today.

Property Features

Property Type: Commercial - Business
Cooling: None
Lot Size: 0.11 Acres
Roof Type: Shingle
Taxes: $27,517
Year Built: 1946

Feature Descriptions

Days on Site: 1
Parcel#: 052274080
Utilities: Other
Water: Other

Local Schools

School District: Other

Listed By / Shown By

Listed By

Agency Name: Corcoran Icon Properties
Agent Name: Steve Belluomini
Agency Phone: (650) 578-0200

agent picture

Shown By

Agent Name: Cheyenne Celestine
Agent Phone: (805) 543-2636 ext. 16
Agency Title: Farrell Smyth, Inc.

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