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Multifamily

417 Harrison Ave

417 Harrison Ave, Redwood City, CA 94062

Listing Price: $6,750,000

Cap Rate
5.25%
Number of Units
15
GRM
12.66
Occupancy
97.0%
Price/Unit
$450,000
Price/Gross SF
$422.99
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 building is situated on a 10,400 SF / 0.24 Acres lot and was built in 1961, per county assessor.
At 417 Harrison Ave, all 15 units have been renovated completely with new flooring, paint, kitchen cabinets, appliances, bathroom fixtures, electrical, in-unit washer/dryer and more. Permits have been filed and completed with the city. The common areas, hallways, stairs, and the exterior have also been renovated. New fire doors were installed throughout the building and all fire extinguishers were replaced as required per code. The property also has on-site covered parking.
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. Box, Inc, Oracle, and Electronic Arts are all located in Redwood City, with many other large technology employers close by.
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
  • Located a Few Blocks from Downtown Redwood City
  • Walking Distance to Redwood City Caltrain Station
  • Conveniently Located Near Many Shopping, Dining, and Entertainment Options
  • Easy Access to Major Freeways & Highways
  • Close Proximity to Major Technology Employers: Box, Oracle, EA & Meta

Exclusively Listed By

Financing By

Multifamily

417 Harrison Ave

Listing Price: $6,750,000

Cap Rate
5.25%
Number of Units
15
GRM
12.66
Occupancy
97.0%
Price/Unit
$450,000
Price/Gross SF
$422.99
Gross SF
15,958

Investment Highlights

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

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 building is situated on a 10,400 SF / 0.24 Acres lot and was built in 1961, per county assessor. At 417 Harrison Ave, all 15 units have been renovated completely with new flooring, paint, kitchen cabinets, appliances, bathroom fixtures, electrical, in-unit washer/dryer and more. Permits have been filed and completed with the city. The common areas, hallways, stairs, and the exterior have also been renovated. New fire doors were installed throughout the building and all fire extinguishers were replaced as required per code. The property also has on-site covered parking. 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. Box, Inc, Oracle, and Electronic Arts are all located in Redwood City, with many other large technology employers close by. 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

Financing By

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