Skip to main content

Multifamily

903 Adams St

903 Adams St, Redwood City, CA 94061

Listing Price: $2,598,000

Cap Rate
4.20%

Investment Overview

903 Adams St is a stunning 5-unit apartment complex located in the thriving city of Redwood City, California. Situated on a 6,200 square foot parcel of land, the subject property was originally constructed in 1947 and has a gross building area of approximately 3,710 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans featuring modern unit amenities, individual water heaters, private garages and private enclosed patios in select units. 903 Adams St has recently undergone extensive capital improvements including remodeled kitchens, remodeled baths, freshly painted walls, LED lighting, laminate flooring, double pane windows, new copper water supply lines, updated electrical panels and in-unit laundry for four of the five units. Exterior improvements include updated private garages, staircases, landscaping, exterior fencing, main sewer line replacement, solar-powered attic exhaust fans, new sidewalk replacement, exterior paint and staining throughout the property. The subject property is located within walking distance to lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet services is also within walking distance and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. 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, 903 Adams St presents an attractive choice for peninsula renters due to its 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
  • Offers beautifully designed two-bedroom and one-bedroom floor plans that feature modern unit amenities, individual water heaters, private garages and private enclosed patios in select units
  • Extensive Interior and Exterior Capital Improvements - The subject property has recently undergone significant interior and exterior renovations.
  • Walking Distance to Vibrant Downtown Redwood City - The subject property is located within walking distance to the vibrant Downtown Redwood City (4 blocks) home to a myriad of high-end shopping, dining and entertainment options
  • Potential For Additional Dwelling Units - Investors are presented with the possibility to add two additional ADU units above the existing garage structure

Exclusively Listed By

Multifamily

903 Adams St

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
  • Offers beautifully designed two-bedroom and one-bedroom floor plans that feature modern unit amenities, individual water heaters, private garages and private enclosed patios in select units
  • Extensive Interior and Exterior Capital Improvements - The subject property has recently undergone significant interior and exterior renovations.
  • Walking Distance to Vibrant Downtown Redwood City - The subject property is located within walking distance to the vibrant Downtown Redwood City (4 blocks) home to a myriad of high-end shopping, dining and entertainment options
  • Potential For Additional Dwelling Units - Investors are presented with the possibility to add two additional ADU units above the existing garage structure

Investment Overview

903 Adams St is a stunning 5-unit apartment complex located in the thriving city of Redwood City, California. Situated on a 6,200 square foot parcel of land, the subject property was originally constructed in 1947 and has a gross building area of approximately 3,710 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans featuring modern unit amenities, individual water heaters, private garages and private enclosed patios in select units. 903 Adams St has recently undergone extensive capital improvements including remodeled kitchens, remodeled baths, freshly painted walls, LED lighting, laminate flooring, double pane windows, new copper water supply lines, updated electrical panels and in-unit laundry for four of the five units. Exterior improvements include updated private garages, staircases, landscaping, exterior fencing, main sewer line replacement, solar-powered attic exhaust fans, new sidewalk replacement, exterior paint and staining throughout the property. The subject property is located within walking distance to lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet services is also within walking distance and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. 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, 903 Adams St presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower