Sold

36, 44, 70 Renato

REDWOOD CITY CA, 94061

$25,400,000


$739.23 per sqft

Sold

34,360 sqft

Multi-family

Built in 1963

Listed by Newmark Cornish & Carey, Justin Bautista, Brian Henry Listing Contact: 6509969384

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.

ML81736473

MLS ID

March 9, 2024

Updated

Map

36, 44, 70 Renato
REDWOOD CITY CA, 94061

Interior Features

Interior Features

Elevator


Appliances

Washer


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

1.38 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

935

Other Property Details

Garage

Yes


Garage Spaces

3


Parking

Detached


Parking Total

3


View

No


County

San Mateo


Water Source

Public


Pool

No


Zoning

RM

Listed by Newmark Cornish & Carey, Justin Bautista, Brian Henry
Listing Contact: 6509969384 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Signature Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Signature Realty are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 9:51 PM UTC, 3/9/2024

 

 

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