140 Roosevelt Avenue
Redwood City, CA 94061
Sq. Feet 7,470
$2,625,000
Under the same ownership as the adjacent 405 Arch Street & 77-83 James Avenue, the two properties may be purchased together as a combined 10-unit portfolio or acquired separately.
Compass Commercial is pleased to announce the exclusive listing of 103-115 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. The offering consists of a 4-unit apartment building plus a detached single-family residence, together totaling five (5) units on one parcel, across approximately 4,414 square feet of building area on a 6,500-square-foot lot. The unit mix includes one (1) 1-bedroom/1-bath unit and four (4) 2-bedroom/1-bath units, including the detached house. -- The property sits in a quiet, tree-lined residential pocket within walking distance of Downtown Redwood City's shops and restaurants, the Safeway-anchored Sequoia Shopping Center, and Caltrain, with convenient access to Highway 101 and I-280. Amenities include separately metered electric and gas, Siemens circuit-breaker sub-panels, and a two-car garage. California SB 721 mandated inspection has been completed and is on file. -- Built in 1922, the property generates approximately $151,560 in scheduled gross annual income, with net operating income of approximately $95,610, a 4.25% cap rate and 14.85 GRM on current rents.
Cap Rate: 4.25% NOI: $95,610 Livable Sq. Ft: 4,414
Built in 1922 5 units Lot Sq. Ft: 6,500