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MLS® ID: ML81736473

36, 44, 70 Renato

REDWOOD CITY, California, 94061

$25,000,000 Active
  • 34360 SQFT
Atherton Green benefits from an excellent location West of El Camino Real on the border of Atherton and Menlo Park. 50 units - (10) Studios, (28) 1+1, (8) 2+1, (3) 2+1.5 and (1) 2+2. Additional 51st non-conforming 1+1 that can be rented out. Modern exterior renovation. Renovated interiors. All units feature in unit washers & dryers, patios/balconies. Secured buildings with spacious on-site rental office. Outdoor community area with built-in BBQ. Several units have been furnished and are achieving rents of $3,400/month for studios. Strong in place rents with upside potential. Market Cap Rate of 5.31%. Attractive assumable debt available.
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Listing courtesy of Newmark Cornish & Carey

Amenities

  • Zip
    94061
  • Office name
    Newmark Cornish & Carey
  • SQFT
    34360
  • Property type
    Five or More Units
  • Zoning type
    RM
  • Year built
    1963
  • Lot size
    1.3800
  • Sewer
    Sewer - Public
  • Heating
    Electric
  • Agent name
    Justin Bautista
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    7000+ sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    NEWCC

Location

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