645 Elm Street
Redwood City, CA 94063
0.17 acres | #ML82000593
Description
Marcus & Millichap is please to present 645 Elm St, a stunning 8-unit community located in the thriving city of Redwood City, California. Situated on a quiet cul-de-sac, the asset offers residents beautifully designed two-bedroom and one-bedroom floor plans. The property also features convenient amenities such as private parking for all units, and an on-site laundry facility. Price at nearly a 5.75% CAP on current metrics, this asset qualifies for excellent bank financing, and is one of the highest yields available in San Mateo County. Located steps from lively Downtown Redwood City, residents are within a 15 minute walk to Sequoia Station, Whole Foods Market, Box Headquarters, and much more. The property is also within a 10 minute drive to Meta's Headquarters in Menlo Park. The Redwood City Caltrain Station is less than a mile away, which provides an inexpensive, hassle free commute to major employers in San Francisco, the Peninsula, and South Bay. With a world-class location in the heart of the Peninsula, 645 Elm Street presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Property Details
- Property SubtypeCommercialSale
- Original List Price$3,488,000
- MLS #ML82000593
- MLS #ML82000593
- CountySan Mateo
- Property TypePurchase
- Taxes Annual$38,657
- Cost3288000
- Utility SourcePublic
- Acres0.174
- School DistrictOther
- Year Built1955
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Eymon Binesh (#ML5082979)
Listing Office: Marcus & Millichap (#ML88226)
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