Redwood City, CA 94061

$25,000,000
34,360
SqFt
List Price
$25,000,000
MLS#
ML81736473
Status
ACTIVE
Sqft. of Residence
34,360
Lot Size
60,112
Year Built
1963

Property Description

OPEN HOUSE: Wednesday 2/13 11AM to 2PM and Friday 2/15 11AM to 2PM. Atherton Green benefits from an excellent location West of El Camino Real on the border of Atherton and Menlo Park. 50 units - (10) Studios, (28) 1+1, (8) 2+1, (3) 2+1.5 and (1) 2+2. Additional 51st non-conforming 1+1 that can be rented out. Modern exterior renovation. Renovated interiors. All units feature in unit washers & dryers, patios/balconies. Secured buildings with spacious on-site rental office. Outdoor community area with built-in BBQ. Several units have been furnished and are achieving rents of $3,400/month for studios. Strong in place rents with upside potential. Market Cap Rate of 5.31%. Attractive assumable debt available.

Additional Information

Acres
1.38
Age
56
Building Name
Atherton Green
Cooling System
Ceiling Fan
Foundation
Concrete Perimeter and Slab
Garage Parking
Assigned Spaces, Covered Parking, Detached Garage
Heating System
Electric
Laundry Facilities
Washer / Dryer
Living Area
34,360
Lot Size
60,112
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Rolled Composition
Sewer
Sewer - Public
Special Features
Elevator / Lift
Unincorporated Yn
Yes
Zoning
RM

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Justin Bautista from Newmark Cornish & Carey

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