Investment Overview

201 Fourth Ave is a stunning 20-unit apartment community located in the thriving city of Redwood City, California. Situated on a 13,200 square foot parcel of land, the subject property was originally constructed in 1963 and has a gross building area of approximately 14,011 square feet. The subject property offers all tenants beautifully designed one-bedroom floor plans. 18 of the 20 units have been extensively renovated with new vinyl plank flooring, granite countertops, and stainless steel appliances. The property has also undergone exterior improvements including brand-new paint and new double pane windows. 201 Fourth Ave is located down the street from the Woodside Central Shopping Center, a Target Anchored center offering a myriad of dining, shopping, and entertainment. The subject property is also within close proximity to Downtown Redwood City, one of the most popular Bay Area Downtowns boasting many high-end restaurants and retail shops. Nearby essential mass transit options give tenants direct access to all major Bay Area destinations. The Redwood City Caltrain Station, offering Baby Bullet services, provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. SamsTrans, the area's bus service, provides quick access to Redwood City's diverse Courthouse Square. 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 the Peninsula, 201 Fourth Ave presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, and entertainment options.