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Multifamily

623 Buckeye St

623 Buckeye St, Redwood City, CA 94063

Listing Price: $2,700,000

Cap Rate
3.90%
Number of Units
6
Occupancy
97.0%
Price/Unit
$450,000
Price/Gross SF
$690.71
Gross SF
3,909

Investment Overview

Marcus & Millichap is pleased to present 623 Buckeye Street, a six-unit multifamily building. The subject property is located at the highly desirable Bay Area Peninsula in Redwood City, California. 623 Buckeye St. is a freestanding building in the prime Stambaugh-Heller neighborhood. The property is conveniently next to Downtown Redwood City, within walking distance of endless food and drink (Vesta, LV Mar Tapas & Cocktails, Vino Santo, Philz, Arya Steakhouse, The Blacksmith), surrounded by parks and recreations, close to grocery shopping centers, and other amenities. In addition, the property offers quick access to Highway 280, 82, 84, and Interstate 101 - Downtown San Francisco and San Jose are just about 30 minutes from Redwood City. The location also provides commuters the ease of public transportation with the Cal-train station just footsteps from the door to get anywhere in the Greater Bay Area. The subject property comprises six residential units with a desirable unit mix of two studios, two 1-bedroom 1-bath, and two 2-bedroom 1-bath. 623 Buckeye St. was constructed in 1950, situated on a 4,850 square foot parcel of land, and has a gross building area of approximately 3,909 square feet. The property also offers its tenants the ease of parking with six tuck-under parking spaces. Redwood City's strong development growth, employment fundamentals, and low vacancy levels drive this asset's investment appeal. In addition, the area benefits from its proximity to both Downtown San Francisco and Silicon Valley, attracting tech companies and highly educated workers and resources at local educational institutions. 623 Buckeye St. presents an attractive choice for many renters due to its proximity to many of the Nation's Top employers, convenient public transportation corridors, lively city events and nightlife, a plethora of dining and entertainment options, and much more.

Investment Highlights

  • Excellent Location just minutes to Downtown
  • Great Unit Mix of two 2bd/1ba, two 1bd/1ba, and two studios
  • Convenient Access to 101 and 280

Exclusively Listed By

Multifamily

623 Buckeye St

Listing Price: $2,700,000

Cap Rate
3.90%
Number of Units
6
Occupancy
97.0%
Price/Unit
$450,000
Price/Gross SF
$690.71
Gross SF
3,909

Investment Highlights

  • Excellent Location just minutes to Downtown
  • Great Unit Mix of two 2bd/1ba, two 1bd/1ba, and two studios
  • Convenient Access to 101 and 280

Investment Overview

Marcus & Millichap is pleased to present 623 Buckeye Street, a six-unit multifamily building. The subject property is located at the highly desirable Bay Area Peninsula in Redwood City, California. 623 Buckeye St. is a freestanding building in the prime Stambaugh-Heller neighborhood. The property is conveniently next to Downtown Redwood City, within walking distance of endless food and drink (Vesta, LV Mar Tapas & Cocktails, Vino Santo, Philz, Arya Steakhouse, The Blacksmith), surrounded by parks and recreations, close to grocery shopping centers, and other amenities. In addition, the property offers quick access to Highway 280, 82, 84, and Interstate 101 - Downtown San Francisco and San Jose are just about 30 minutes from Redwood City. The location also provides commuters the ease of public transportation with the Cal-train station just footsteps from the door to get anywhere in the Greater Bay Area. The subject property comprises six residential units with a desirable unit mix of two studios, two 1-bedroom 1-bath, and two 2-bedroom 1-bath. 623 Buckeye St. was constructed in 1950, situated on a 4,850 square foot parcel of land, and has a gross building area of approximately 3,909 square feet. The property also offers its tenants the ease of parking with six tuck-under parking spaces. Redwood City's strong development growth, employment fundamentals, and low vacancy levels drive this asset's investment appeal. In addition, the area benefits from its proximity to both Downtown San Francisco and Silicon Valley, attracting tech companies and highly educated workers and resources at local educational institutions. 623 Buckeye St. presents an attractive choice for many renters due to its proximity to many of the Nation's Top employers, convenient public transportation corridors, lively city events and nightlife, a plethora of dining and entertainment options, and much more.

Exclusively Listed By

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