$4,990,000
$5,650,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
2483 Middlefield RD Redwood City, CA 94063
0.25 Acres Lot
Key Details
Sold Price $4,990,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81772688
Sold Date 06/26/20
HOA Y/N No
Year Built 1964
Annual Tax Amount $74,679
Lot Size 10,890 Sqft
Property Description
2483 Middlefield Road, a well located 15-unit apartment community in thriving Redwood City, California. Situated on 0.25 Acre parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 13,302 square feet. The unit mix consists of all one-bedroom one-bathroom floorplans. Tenants have access to such amenities as covered parking and on-site laundry facilities. Located in Redwood City, California, 2483 Middlefield Road presents an uncommon opportunity to acquire a significant amount of units in one of the strongest rental markets in the Bay Area and the country. The property is located on the main commercial corridor of Middlefield Road with dozens of local restaurants and shops within a three block radius. Boasting a walk score of 87, tenants can easily accomplish their daily errands on foot.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning MUN
Interior
Cooling None
Fireplace No
Exterior
Carport Spaces 15
Roof Type Tar/Gravel
Building
Water Public
Schools
School District Other
Others
Tax ID 054091410
Financing Conventional
Special Listing Condition Standard
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Bought with Marshall Ward