2451 MIDDLEFIELD Road, Redwood City, CA 94063
Commercial property
Sold September 2014
Listing Agent: Justin Sieber (DRE #01887998) · Listing Office: Cassidy Turley Northern California, Inc. · Contact: 650-852-1200 · Bought with: Michael Yao · NON MULTIPLE LISTING OFFICE · MLS #ML81413728 · Source: CRMLS
How this sale compares
2451 MIDDLEFIELD Road sold for $3,650,000 in September 2014, 3.8% under its $3,795,000 list price, after 71 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
Over $125,000 in recent upgrades. Strategically located with excellent visibility across from Costco Wholesale in close proximity to amenities of the downtown area as well as several major development projects. The building consists of (10)one-bedroom/one-bath units and (8)studios. Rents are significantly below market allowing a purchaser to add value immediately and achieve a 6.30% Cap/11.34 GRM
Listing description from the September 2014 sale, as reported to CRMLS.
Sale history