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Multifamily

565 Hampshire Ave

565 Hampshire Ave, Redwood City, CA 94063

Listing Price: $1,800,000

Cap Rate
4.07%
Number of Units
4
GRM
16.95
Occupancy
97.0%
Price/Unit
$450,000
Price/Gross SF
$740.44
Gross SF
2,431

Investment Overview

565 Hampshire Avenue, located in Redwood City, California is a four unit Apartment a mile and a half away from Downtown. The building sits on a 5,000 square foot lot (per county assessor) and contains approximately 2,431 square feet of building space. The unit mix of the property consists of one two-bedroom/one-bath unit and three one-bedroom/one-bath units. The property has had recent upgrades including: new copper pipes,

565 Hampshire Avenue is located on the Bay Area Peninsula in Redwood City, California. The building's location allows for convenient access to Highway 82 & 84(1 mile) and Interstate 101(1.2 miles). Both downtown San Francisco and San Jose are a 30-minute drive. While downtown Menlo Park and Palo Alto are less than 5 miles away. SF International Airport & Norman Y. Mineta San Jose International Airport are also less than 30 minutes away. With huge employers also nearby, such as: Oracle, Electronic Arts, Equinix, Shutterfly, and the YaSheng Group. While there are other large employers such as Google, Facebook, and Apple less than 30 minutes away as well.

Redwood City's bustling and revived downtown is a short walk away. The Downtown area has dramatically changed since the implementation of the downtown precise plan in 2011. Nearly 2,000 apartment units and nearly 400,000 square feet of new Class A office space has been completed since the plan was put in place. Downtown is home to many popular restaurants including Vesta, Caf la Tartine, Quinto Sol and many more restaurants. Redwood City Cal-train station is the stop of the Baby Bullet which provides a quick route to downtown San Francisco. The city venues and nightlife include Cinema 20, Fox Theatre, music and movies on the square (summer months), bars including Haus Staudt, City Pub, Blacksmith and others.

Investment Highlights

  • 1.5 Miles From Redwood City Caltrain
  • Extremely Convenient Freeway Access (Highway 101, 84, & 82)
  • Less Than 2 Miles To Downtown Redwood City
  • Plenty of Dining, Entertainment, & Shopping Within A 3 Mile Radius
  • Conveniently located next to some of the largest employers in the Bay Area
  • Less Than 3 Miles to Downtown Menlo Park and less than 5 Miles to Downtown Palo Alto

Exclusively Listed By

Listing Price: $1,800,000

Cap Rate
4.07%
Number of Units
4
GRM
16.95
Occupancy
97.0%
Price/Unit
$450,000
Price/Gross SF
$740.44
Gross SF
2,431

Investment Highlights

  • 1.5 Miles From Redwood City Caltrain
  • Extremely Convenient Freeway Access (Highway 101, 84, & 82)
  • Less Than 2 Miles To Downtown Redwood City
  • Plenty of Dining, Entertainment, & Shopping Within A 3 Mile Radius
  • Conveniently located next to some of the largest employers in the Bay Area
  • Less Than 3 Miles to Downtown Menlo Park and less than 5 Miles to Downtown Palo Alto

Investment Overview

565 Hampshire Avenue, located in Redwood City, California is a four unit Apartment a mile and a half away from Downtown. The building sits on a 5,000 square foot lot (per county assessor) and contains approximately 2,431 square feet of building space. The unit mix of the property consists of one two-bedroom/one-bath unit and three one-bedroom/one-bath units. The property has had recent upgrades including: new copper pipes,

565 Hampshire Avenue is located on the Bay Area Peninsula in Redwood City, California. The building's location allows for convenient access to Highway 82 & 84(1 mile) and Interstate 101(1.2 miles). Both downtown San Francisco and San Jose are a 30-minute drive. While downtown Menlo Park and Palo Alto are less than 5 miles away. SF International Airport & Norman Y. Mineta San Jose International Airport are also less than 30 minutes away. With huge employers also nearby, such as: Oracle, Electronic Arts, Equinix, Shutterfly, and the YaSheng Group. While there are other large employers such as Google, Facebook, and Apple less than 30 minutes away as well.

Redwood City's bustling and revived downtown is a short walk away. The Downtown area has dramatically changed since the implementation of the downtown precise plan in 2011. Nearly 2,000 apartment units and nearly 400,000 square feet of new Class A office space has been completed since the plan was put in place. Downtown is home to many popular restaurants including Vesta, Caf la Tartine, Quinto Sol and many more restaurants. Redwood City Cal-train station is the stop of the Baby Bullet which provides a quick route to downtown San Francisco. The city venues and nightlife include Cinema 20, Fox Theatre, music and movies on the square (summer months), bars including Haus Staudt, City Pub, Blacksmith and others.

Exclusively Listed By

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