348 4Th AveRedwood City, CA 94063

Property Details for 348 4Th Ave

Year built

1972

Lot size

0.28 AC

Property size (Sq ft)

12,427 SF

Zone code

R300S5

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

060-084-310

APU

60084310

Description

This exceptional 22-unit apartment building presents a compelling investment opportunity in Redwood City, California. Located at 348 Fourth Avenue, this Class C property boasts 12,427 square feet of rentable space on a 0.28-acre lot. Currently operating at 100% occupancy, the property offers a strong return on investment with a price per unit of $363,127 and a price per square foot of $642.86. The building features a recently upgraded entry lobby and a newly installed exterior WiFi security camera. With a parking ratio of 1.01 spaces per unit, this property caters to the high demand for housing in the thriving Silicon Valley market. Its strategic location between San Francisco and San Jose provides convenient access to major employers and transportation routes. The property's strong performance and location make it an ideal investment for those seeking valuable housing stock in a robust economic area with low vacancy rates. This asset is suitable for investors, non-profit organizations, affordable housing advocates, or developers seeking to meet affordable housing requirements. The building's 12,427 square feet of rentable space is spread across 22 units. This is a multifamily property with retail components.

Location Insight

City

Redwood City

County

San Mateo

State

California

Latitude

37.4718

Longitude

-122.205

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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