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Multifamily

1266 Hopkins Ave

1266 Hopkins Ave, Redwood City, CA 94062

Listing Price: $6,180,000

Cap Rate
3.75%
Number of Units
14
Occupancy
100.0%
Price/Unit
$441,429

Investment Overview

1266 Hopkins Ave is a stunning 14-unit apartment community located in the thriving city of Redwood City, California. Situated on an 8,710 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 14,610 square feet. The subject property offers its tenants beautifully designed one-bedroom and two-bedroom floor plans. 1266 Hopkins Ave has seen recent capital improvements including updated kitchens, granite countertops, new appliances, and hardwood-style in select units. 1266 Hopkins Ave offers its tenants close proximity to many of the nation's top tech employers including Box Inc., Google, Oracle, Electronic Arts Inc. (EA), Stanford, Facebook, Cisco Systems, Visa, Sony as well as many others. In addition to nearby employers, the subject property is also located within walking distance to Downtown Redwood City, home to a myriad of high-end shopping, dining and entertainment options. Nearby essential mass transit options offer direct access to all major Bay Area destinations. The Redwood City Caltrain Station, offering Baby Bullet services is within walking distance to the subject property and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. SamTrans, the area's bus service, provides quick access to Redwood City's diverse Courthouse Square, Theatre District, Shops on Broadway, dining, shopping and music venues. In addition to excellent public transportation options, residents enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 1266 Hopkins Ave presents an attractive choice for peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity - Investors have the opportunity to acquire a well-situated asset in one of the most dynamic and desirable locations in Redwood City
  • Recent Capital Improvements - 1266 Hopkins Ave has recently seen capital improvements including a new water heater, new washer/dryer, and a new roof (November 2010)
  • Convenient Access to Transportation Corridors - Including the Redwood CityCaltrain Station, U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge

Exclusively Listed By

Multifamily

1266 Hopkins Ave

Listing Price: $6,180,000

Cap Rate
3.75%
Number of Units
14
Occupancy
100.0%
Price/Unit
$441,429

Investment Highlights

  • Tremendous Investment Opportunity - Investors have the opportunity to acquire a well-situated asset in one of the most dynamic and desirable locations in Redwood City
  • Recent Capital Improvements - 1266 Hopkins Ave has recently seen capital improvements including a new water heater, new washer/dryer, and a new roof (November 2010)
  • Convenient Access to Transportation Corridors - Including the Redwood CityCaltrain Station, U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge

Investment Overview

1266 Hopkins Ave is a stunning 14-unit apartment community located in the thriving city of Redwood City, California. Situated on an 8,710 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 14,610 square feet. The subject property offers its tenants beautifully designed one-bedroom and two-bedroom floor plans. 1266 Hopkins Ave has seen recent capital improvements including updated kitchens, granite countertops, new appliances, and hardwood-style in select units. 1266 Hopkins Ave offers its tenants close proximity to many of the nation's top tech employers including Box Inc., Google, Oracle, Electronic Arts Inc. (EA), Stanford, Facebook, Cisco Systems, Visa, Sony as well as many others. In addition to nearby employers, the subject property is also located within walking distance to Downtown Redwood City, home to a myriad of high-end shopping, dining and entertainment options. Nearby essential mass transit options offer direct access to all major Bay Area destinations. The Redwood City Caltrain Station, offering Baby Bullet services is within walking distance to the subject property and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. SamTrans, the area's bus service, provides quick access to Redwood City's diverse Courthouse Square, Theatre District, Shops on Broadway, dining, shopping and music venues. In addition to excellent public transportation options, residents enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 1266 Hopkins Ave presents an attractive choice for peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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