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Multifamily

49 Oak Ave

49 Oak Ave, Redwood City, CA 94061

Listing Price: $1,850,000

Cap Rate
3.79%
Number of Units
3
GRM
17.93
Occupancy
97.0%
Price/Unit
$616,667
Price/Gross SF
$940.04
Gross SF
1,968

Investment Overview

49 Oak Avenue, located in Redwood City, California is a three unit Apartment less than a mile away from Downtown. The building sits on a 9,500 square foot lot (per
county assessor) and contains approximately 1,956 square feet of building space. The unit mix of the property consists of one three-bedroom/two-bath
unit and two one-bedroom/one-bath units. The property has been recently renovated with very high end details.

49 Oak Avenue is located on the Bay Area Peninsula in Redwood City, California. The building's location allows for quick and convenient access to Highway 82 & 84
and Interstate 101. Both downtown San Francisco and San Jose are a mere 30-minute drive. SF International Airport & Norman Y. Mineta San Jose International Airport are also less than 30 minutes away. Huge employers are also nearby, such as: Oracle, Electronic Arts, Equinix, Shutterfly, and the YaSheng Group within close proximity. While Google, Facebook, and Apple are all 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

  • Amazing Freeway Access (Highway 101, 84, & 82)
  • Conveniently Located Next To Downtown Redwood City & Walking distance to Whole Foods
  • Plenty of Dining, Entertainment, & Shopping within walking distance
  • Conveniently located next to some of the largest employers in the Bay Area
  • Brand new, high-end renovations
  • 1 mile from Redwood City Caltrain

Exclusively Listed By

Listing Price: $1,850,000

Cap Rate
3.79%
Number of Units
3
GRM
17.93
Occupancy
97.0%
Price/Unit
$616,667
Price/Gross SF
$940.04
Gross SF
1,968

Investment Highlights

  • Amazing Freeway Access (Highway 101, 84, & 82)
  • Conveniently Located Next To Downtown Redwood City & Walking distance to Whole Foods
  • Plenty of Dining, Entertainment, & Shopping within walking distance
  • Conveniently located next to some of the largest employers in the Bay Area
  • Brand new, high-end renovations
  • 1 mile from Redwood City Caltrain

Investment Overview

49 Oak Avenue, located in Redwood City, California is a three unit Apartment less than a mile away from Downtown. The building sits on a 9,500 square foot lot (per
county assessor) and contains approximately 1,956 square feet of building space. The unit mix of the property consists of one three-bedroom/two-bath
unit and two one-bedroom/one-bath units. The property has been recently renovated with very high end details.

49 Oak Avenue is located on the Bay Area Peninsula in Redwood City, California. The building's location allows for quick and convenient access to Highway 82 & 84
and Interstate 101. Both downtown San Francisco and San Jose are a mere 30-minute drive. SF International Airport & Norman Y. Mineta San Jose International Airport are also less than 30 minutes away. Huge employers are also nearby, such as: Oracle, Electronic Arts, Equinix, Shutterfly, and the YaSheng Group within close proximity. While Google, Facebook, and Apple are all 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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