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Multifamily

417 Harrison Ave

417 Harrison Ave, Redwood City, CA 94062

Listing Price: $8,200,000

Cap Rate
4.36%
Number of Units
15
Occupancy
97.0%
Price/Unit
$546,667
Price/Gross SF
$513.85
Gross SF
15,958

Investment Overview

Marcus & Millichap is pleased to present 417 Harrison Avenue in Redwood City, California. 417 Harrison Avenue is a fifteen-unit apartment building steps from Downtown Redwood City. This property is comprised of ten (10) 1 Bedroom x 1 Bathroom units and five (5) 2 Bedroom x 1 Bathroom units, with a total of 15,958 square feet, per county assessor. The apartment rests on a 10,400 SF / 0.24 Acres lot and was built in 1961, per county assessor. The property has on-site parking, which provides additional income to the property owner. Twelve out of the fifteen units have been extensively renovated and the exterior of the building was painted in the spring of 2023. 417 Harrison Ave is one half-mile from Downtown Redwood City and 0.2 miles from a Whole Foods grocery store and an electric vehicle charging station. The Redwood City Caltrain Station is less than a 10-minute walk or a three-minute drive from the property. This premier location gives tenants a multitude of options for entertainment, dining, and shopping. Redwood City's central location on the San Francisco Peninsula makes this apartment a wonderful location for commuters who work in San Francisco County, San Mateo County, or Santa Clara County.

Investment Highlights

  • Extensively Renovated Apartment Complex with Freshly Painted Exterior
  • Conveniently Located Near Many Shopping, Dining, and Entertainment Options
  • Located a Few Blocks from Downtown Redwood City
  • Close Proximity to Redwood City Caltrain Station
  • Easy Access to Major Freeways & Highways

Exclusively Listed By

Multifamily

417 Harrison Ave

Listing Price: $8,200,000

Cap Rate
4.36%
Number of Units
15
Occupancy
97.0%
Price/Unit
$546,667
Price/Gross SF
$513.85
Gross SF
15,958

Investment Highlights

  • Extensively Renovated Apartment Complex with Freshly Painted Exterior
  • Conveniently Located Near Many Shopping, Dining, and Entertainment Options
  • Located a Few Blocks from Downtown Redwood City
  • Close Proximity to Redwood City Caltrain Station
  • Easy Access to Major Freeways & Highways

Investment Overview

Marcus & Millichap is pleased to present 417 Harrison Avenue in Redwood City, California. 417 Harrison Avenue is a fifteen-unit apartment building steps from Downtown Redwood City. This property is comprised of ten (10) 1 Bedroom x 1 Bathroom units and five (5) 2 Bedroom x 1 Bathroom units, with a total of 15,958 square feet, per county assessor. The apartment rests on a 10,400 SF / 0.24 Acres lot and was built in 1961, per county assessor. The property has on-site parking, which provides additional income to the property owner. Twelve out of the fifteen units have been extensively renovated and the exterior of the building was painted in the spring of 2023. 417 Harrison Ave is one half-mile from Downtown Redwood City and 0.2 miles from a Whole Foods grocery store and an electric vehicle charging station. The Redwood City Caltrain Station is less than a 10-minute walk or a three-minute drive from the property. This premier location gives tenants a multitude of options for entertainment, dining, and shopping. Redwood City's central location on the San Francisco Peninsula makes this apartment a wonderful location for commuters who work in San Francisco County, San Mateo County, or Santa Clara County.

Exclusively Listed By

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