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Multifamily

1141 Whipple Ave

1141 Whipple Ave, Redwood City, CA 94062

Listing Price: $5,000,000

Cap Rate
4.89%
Number of Units
21
GRM
10.60
Occupancy
90.0%
Price/Unit
$238,095
Price/Gross SF
$292.18
Gross SF
17,113

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1141 Whipple Avenue, a 21-unit apartment building in Redwood City, CA. Built in 1932, the four-story building was designed in the Art Deco style, making it distinctive among the other multi-family properties in the neighborhood. The building is situated on an 8,190 square foot site that is two blocks from El Camino Real and just over
one-half mile to downtown Redwood City.

The property features a mix of 9 studio units and 12 one-bedroom units. Studio units range in size from 300 square feet to 540 square feet, with an average of 400 square feet. One-bedroom units have floor plans that measure between 540 square feet and 770 square feet, with an average of 598 square feet. All square footages are approximate; buyer to verify. The building features a secured entrance and lobby that provides access to the interior stairway and hallways. The property has a garage at grade level with six parking spaces, as well as uncovered parking for two vehicles. Amenities include laundry facilities and a rooftop deck.

Investment Highlights

  • Multi-family property with 21 units near downtown Redwood City
  • Mix of 9 studios and 12 one-bedroom units
  • Distinctive building with Art Deco architecture
  • Walking distance to grocery stores, restaurants, shopping, and Caltrain

Exclusively Listed By

Multifamily

1141 Whipple Ave

Listing Price: $5,000,000

Cap Rate
4.89%
Number of Units
21
GRM
10.60
Occupancy
90.0%
Price/Unit
$238,095
Price/Gross SF
$292.18
Gross SF
17,113

Investment Highlights

  • Multi-family property with 21 units near downtown Redwood City
  • Mix of 9 studios and 12 one-bedroom units
  • Distinctive building with Art Deco architecture
  • Walking distance to grocery stores, restaurants, shopping, and Caltrain

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1141 Whipple Avenue, a 21-unit apartment building in Redwood City, CA. Built in 1932, the four-story building was designed in the Art Deco style, making it distinctive among the other multi-family properties in the neighborhood. The building is situated on an 8,190 square foot site that is two blocks from El Camino Real and just over one-half mile to downtown Redwood City. The property features a mix of 9 studio units and 12 one-bedroom units. Studio units range in size from 300 square feet to 540 square feet, with an average of 400 square feet. One-bedroom units have floor plans that measure between 540 square feet and 770 square feet, with an average of 598 square feet. All square footages are approximate; buyer to verify. The building features a secured entrance and lobby that provides access to the interior stairway and hallways. The property has a garage at grade level with six parking spaces, as well as uncovered parking for two vehicles. Amenities include laundry facilities and a rooftop deck.

Exclusively Listed By

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