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Commercial Property — 217 Alden Street, Redwood City, CA

$2,500,000

217 Alden Street, Redwood City, CA

$2,500,000 — 217 Alden Street, Redwood City, CA — photo 1 $2,500,000 — 217 Alden Street, Redwood City, CA — photo 2 $2,500,000 — 217 Alden Street, Redwood City, CA — photo 3 $2,500,000 — 217 Alden Street, Redwood City, CA — photo 4 $2,500,000 — 217 Alden Street, Redwood City, CA — photo 5
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About this property

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.

Property details

Square feet
4,992
Year built
1946
Property type
CommercialSale

Location

217 Alden Street • Redwood City, CA 94063

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Listed by

Steve Belluomini · Corcoran Icon Properties

Listing courtesy of Corcoran Icon Properties. Information deemed reliable but not guaranteed.

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