Skip to main content

Multifamily

1479 Hess Rd

1479 Hess Rd, Redwood City, CA 94061

Listing Price: $1,698,000

Cap Rate
4.64%
GRM
13.67
Occupancy
97.0%

Investment Overview

Marcus & Millichap is pleased to present 1479 Hess Road in Redwood City, California. The property is exceptionally well maintained, offering investors a turn-key multifamily property in central Redwood City.

The property is a fourplex that sits on a 5,880 SF / 0.14 Acres lot, and offers one (1) 2 Bedroom x 1 Bathroom unit, and two (2) Studio units. There was a one (1) 1 Bedroom x 2 Bathroom unit that has been split into two Studio units. The property has four legal units and one non-conforming studio unit. 1479 Hess Road offers four carport parking spots, one uncovered parking spot, a shared courtyard, and private balconies.

Redwood City is a wonderful location for commuters on the San Francisco Peninsula, given its proximity to major employment hubs like Silicon Valley and the San Francisco metro area. Hess Road is 1.5 Miles from Downtown Redwood City with many options for dining, shopping, bars, cafes, and entertainment.

Investment Highlights

  • Located 1.3 miles from Downtown Redwood City's restaurants and shops
  • Close proximity to major employment centers like Silicon Valley and San Francisco
  • High rent submarket offering income generation and appreciation potential

Exclusively Listed By

Financing By

Multifamily

1479 Hess Rd

Listing Price: $1,698,000

Cap Rate
4.64%
GRM
13.67
Occupancy
97.0%

Investment Highlights

  • Located 1.3 miles from Downtown Redwood City's restaurants and shops
  • Close proximity to major employment centers like Silicon Valley and San Francisco
  • High rent submarket offering income generation and appreciation potential

Investment Overview

Marcus & Millichap is pleased to present 1479 Hess Road in Redwood City, California. The property is exceptionally well maintained, offering investors a turn-key multifamily property in central Redwood City. The property is a fourplex that sits on a 5,880 SF / 0.14 Acres lot, and offers one (1) 2 Bedroom x 1 Bathroom unit, and two (2) Studio units. There was a one (1) 1 Bedroom x 2 Bathroom unit that has been split into two Studio units. The property has four legal units and one non-conforming studio unit. 1479 Hess Road offers four carport parking spots, one uncovered parking spot, a shared courtyard, and private balconies. Redwood City is a wonderful location for commuters on the San Francisco Peninsula, given its proximity to major employment hubs like Silicon Valley and the San Francisco metro area. Hess Road is 1.5 Miles from Downtown Redwood City with many options for dining, shopping, bars, cafes, and entertainment.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower