Redwood City, CA 94063,200 Dumbarton Avenue
$10,000,000
$10,798,000
7.4%
Est.Price: ?

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21,025 SqFt

200 Dumbarton Avenue Redwood City, CA 94063

Est. payment /mo
SOLD DATE : 12/26/2018

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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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Bridge MLS
Listed by Robert Johnston • Marcus & Millichap
Bought with RobertJohnston

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