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200 Dumbarton Avenue Redwood City, CA 94063
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Key Details
Sold Price $10,000,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 21,025 sqft
Price per Sqft $475
MLS Listing ID ML81697391
Sold Date 12/26/18
HOA Y/N No
Year Built 1964
Lot Size 0.326 Acres
Acres 0.33
Property Description
200 Dumbarton is a 33 unit apartment community located in Silicon Valleys thriving Redwood City, CA. 200 Dumbarton Avenue offers future owners the opportunity own one of the rare, value-add, twenty-plus unit properties of this market. This asset has significant upside through a simple rehabilitation process and re-positioning strategy. Nestled in a quiet residential neighborhood, the subject property was originally constructed in 1964 and has a gross livable area of approximately 21,025 total square feet. 200 Dumbarton Avenue offers its tenants sunlit units with ample parking all tucked into a gated community. The unit mix consists of twenty-six one-bedroom/one-bath units of approximately 600 square feet and seven two-bedroom/one bath units of approximately 775 square feet. Financing: An attractive $4,700,000 interest-only, assumable loan with 7 years remaining on a 10 year term at a rate of 3.93% amortizing over 30 years.
Location
State CA
County San Mateo
Area Listing
Zoning R300
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Type Covered
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 054201560
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Bought with RobertJohnston