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$3,800,000
Est. payment /mo
2 Beds
2 Baths
7,000 SqFt
UPDATED:
10/08/2024 07:59 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $542
MLS Listing ID ML81983012
Bedrooms 2
Full Baths 2
Originating Board MLSListings, Inc.
Year Built 1979
Lot Size 0.390 Acres
Property Description
Jimmy Castellanos and AJ DeCristoforo are pleased to present 238 Poplar Avenue, a standout investment opportunity in Redwood City, CA. This multifamily property consists of seven expansive 2-bedroom, 2-bathroom units, highly desirable for renters seeking space and comfort. Each unit averages in size roughly 1,000 square of living space, while the property's three-parcel layout includes 14 parking spaces. In a city where the median single-family home price is $1.8 million, according to Redfin, this multifamily asset presents an exceptional value proposition to acquire seven residential units for below $550,000 per unit.
Location
State CA
County San Mateo
Area Central Park Etc.
Zoning R40000
Interior
Heating Central Forced Air
Cooling Window / Wall Unit
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter, Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 053-282-380
Special Listing Condition Not Applicable
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Listed by Jimmy Castellanos • Marcus & Millichap