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Commercial Property — 128 Roosevelt Avenue, Redwood City, CA

$2,688,000

128 Roosevelt Avenue, Redwood City, CA

$2,688,000 — 128 Roosevelt Avenue, Redwood City, CA — photo 1 $2,688,000 — 128 Roosevelt Avenue, Redwood City, CA — photo 2 $2,688,000 — 128 Roosevelt Avenue, Redwood City, CA — photo 3 $2,688,000 — 128 Roosevelt Avenue, Redwood City, CA — photo 4 $2,688,000 — 128 Roosevelt Avenue, Redwood City, CA — photo 5
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About this property

Value-add opportunity in downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10 unit apartment community offering a compelling value-add investment opportunity in one of the Peninsulas most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential.

Property details

Square feet
6,976
Year built
1951
Property type
CommercialSale

Location

128 Roosevelt Avenue • Redwood City, CA 94061

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Listed by

Jimmy Castellanos · Marcus & Millichap

Listing courtesy of Marcus & Millichap. Information deemed reliable but not guaranteed.

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