131 Cerrito Avenue, Redwood City, CA 94061

About this commercial property

Assumable financing available ($1.6 Million @ 4.16% through 2026) 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 away from Downtown Redwood City and only three and a half miles from Stanford University. Along with Stanford University, this property is close to the Stanford Shopping Center. The owner has recently completed a sewer lateral replacement for the peace of mind of current tenants and potential buyers.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$3,930,000

Sold July 2023 · listed $4,175,000, on market April 2023 · MLS #ML81924560 · Source: CRMLS

Listing Agent: Ray Rodriguez · Listing Office: Compass · Contact: (415) 345-3000 · Bought with: Simon Lo

$3,720,000

Sold June 2019 · listed $3,750,000, orig. $4,200,000, on market January 2019 · MLS #ML81734538 · Source: CRMLS

Listing Agent: Philip Batlin · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Dima Khoury · Compass

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