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$3,688,000
Est. payment /mo
2 Beds
2 Baths
10,903 SqFt
UPDATED:
12/22/2024 07:28 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Contingent
Purchase Type For Sale
Square Footage 10,903 sqft
Price per Sqft $338
MLS Listing ID ML81984282
Bedrooms 2
Full Baths 2
Originating Board MLSListings, Inc.
Year Built 1962
Lot Size 7,700 Sqft
Property Description
We are pleased to present the opportunity to acquire 50 Dumbarton Ave, a meticulously maintained property with 10 units. This property has benefited from over 30 years of dedicated ownership, ensuring its excellent condition. Built in 1962, the building spans 10,903 square feet per county record on a 7,700 square foot corner parcel. The unit mix includes 8 two-bedroom/one-bathroom units and 2 studios, offering a versatile living arrangement. The building has copper plumbing and recent capital improvements include a new sewer line, dual pane windows and a new central water heater. Interior upgrades include LVP floors, granite countertops, bathroom vanities and shower surrounds. The property has strong cash flow with 20%+ upside in rents. The property is ideally located close to El Camino Real, providing easy access to transportation and major highways. It is conveniently near Downtown Redwood City, Elco Yards, Downtown Menlo Park, Stanford Shopping Mall, and Stanford University. Additionally, it is in proximity to major corporate headquarters such as Facebook, Google, and Oracle, among many others.
Location
State CA
County San Mateo
Area Dumbarton Etc.
Zoning R300S5
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Carpet, Tile, Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Other
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Tax ID 054-283-230
Special Listing Condition Not Applicable
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Listed by Kyle De Mattei • Magnify Real Estate