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Multifamily

942 Fifteenth Ave

942 Fifteenth Ave, Redwood City, CA 94063

Listing Price: $2,395,000

Cap Rate
3.71%
Number of Units
4
GRM
18.32
Price/Unit
$598,750
Price/Gross SF
$702.14
Gross SF
3,411

Investment Overview

942 15th Ave is a stunning fourplex located in the heart of Redwood City, CA.

Situated on a 6,250 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 3,411* square feet. 942 15th Ave has undergone extensive capital improvements including the addition of two ADUs as well as complete renovations to the original units. The subject property consists of beautifully designed two-bedroom and one-bedroom floor plans and offers tenants convenient amenities such as in-unit washer and dryer, new electrical, and new flooring.

The subject property boasts a prime location positioned just east of Downtown Redwood City. This vibrant area offer an abundance of upscale shops and restaurants, creating a pedestrian-friendly ambiance. Furthermore, tenants are conveniently located near restaurant scenes in San Carlos, Menlo Park, and Palo Alto, as well as prestigious Stanford University and world-class Stanford Shopping Center. The subject property sits in a prime location, strategically positioned midway between San Jose and San Francisco. This ideal placement ensures equidistant access to both airports, optimizing travel flexibility.

Residents of 942 15th Ave also enjoy convenient access to major transportation channels including U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge, and the Dumbarton Bridge fostering connectivity throughout the Silicon Valley Corridor, San Jose and San Francisco job markets.

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, 942 15th Ave presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Prime Redwood City Location - This stunning investment opportunity is located minutes from Downtown Redwood City, offering a myriad of shopping, dining, and entertainment options.
  • Extensive Capital Improvements - 942 15th Ave has undergone extensive capital improvements and features two new ADUs as well as complete renovations to the original units.
  • Desirable Unit Mix - The subject property consists of beautifully designed two-bedroom and one-bedroom floor plans.
  • Abundant Transportation Options - 942 15th Ave offers tenants easy access to major transportation corridors such as U.S. Route 101, Interstate 280, the San-Mateo-Hayward Bridge, as well as the Dumbarton Bridge.
  • Located Near Numerous Local Attractions - Tenants also enjoy close proximity to many restaurant scenes in San Carlos, Menlo Park, Palo Alto, as well as the world-class Stanford University and Stanford Shopping Center.

Exclusively Listed By

Multifamily

942 Fifteenth Ave

Listing Price: $2,395,000

Cap Rate
3.71%
Number of Units
4
GRM
18.32
Price/Unit
$598,750
Price/Gross SF
$702.14
Gross SF
3,411

Investment Highlights

  • Prime Redwood City Location - This stunning investment opportunity is located minutes from Downtown Redwood City, offering a myriad of shopping, dining, and entertainment options.
  • Extensive Capital Improvements - 942 15th Ave has undergone extensive capital improvements and features two new ADUs as well as complete renovations to the original units.
  • Desirable Unit Mix - The subject property consists of beautifully designed two-bedroom and one-bedroom floor plans.
  • Abundant Transportation Options - 942 15th Ave offers tenants easy access to major transportation corridors such as U.S. Route 101, Interstate 280, the San-Mateo-Hayward Bridge, as well as the Dumbarton Bridge.
  • Located Near Numerous Local Attractions - Tenants also enjoy close proximity to many restaurant scenes in San Carlos, Menlo Park, Palo Alto, as well as the world-class Stanford University and Stanford Shopping Center.

Investment Overview

942 15th Ave is a stunning fourplex located in the heart of Redwood City, CA. Situated on a 6,250 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 3,411* square feet. 942 15th Ave has undergone extensive capital improvements including the addition of two ADUs as well as complete renovations to the original units. The subject property consists of beautifully designed two-bedroom and one-bedroom floor plans and offers tenants convenient amenities such as in-unit washer and dryer, new electrical, and new flooring. The subject property boasts a prime location positioned just east of Downtown Redwood City. This vibrant area offer an abundance of upscale shops and restaurants, creating a pedestrian-friendly ambiance. Furthermore, tenants are conveniently located near restaurant scenes in San Carlos, Menlo Park, and Palo Alto, as well as prestigious Stanford University and world-class Stanford Shopping Center. The subject property sits in a prime location, strategically positioned midway between San Jose and San Francisco. This ideal placement ensures equidistant access to both airports, optimizing travel flexibility. Residents of 942 15th Ave also enjoy convenient access to major transportation channels including U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge, and the Dumbarton Bridge fostering connectivity throughout the Silicon Valley Corridor, San Jose and San Francisco job markets. 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, 942 15th Ave 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

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