Redwood City, CA 94063,3290 Rolison RD
Redwood City, CA 94063,3290 Rolison RD
Redwood City, CA 94063,3290 Rolison RD
Redwood City, CA 94063,3290 Rolison RD
Redwood City, CA 94063,3290 Rolison RD
Redwood City, CA 94063,3290 Rolison RD
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$4,415,000

$4,500,000

1.9%
Est.Price: ?

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Est. payment /mo

10,001 Sqft Lot


SOLD DATE : 08/12/2022

Key Details

Sold Price $4,415,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81890846

Sold Date 08/12/22

HOA Y/N No

Year Built 1962

Annual Tax Amount $56,998

Lot Size 10,001 Sqft

Property Description

BUY A PROVEN PERFORMER: TIRELESS CASH-COW - Low Vacancy, High Rental Demand, Consistent Rental Income 8 Townhouse-Style Apartment Home Units (All 3 BR / 1 BA on 2-Levels) Each Unit Offers Private Front Yard & Enclosed Garage Parking. Current Cap Rate: 4.66% / Pro-Forma Cap Rate: 5.2% Current GRM: 14.1 / Pro-Forma GRM: 13.1 Cost/SF: $592/SF Consistent Rental History with Low Tenant Turnover Excellent Unit Mix All 8 Units Offer Three (3) BR / One (1) BA Units Townhouse Style on 2-Levels Attractive Assumable Loan From Provident CU 3 of 8 Units Receive Partial Housing Assistance, Providing Steady Rent Collection Supply-Constrained Core Mid-Peninsula Submarket Ideal Housing (3 BR + Private Yard + Enclosed Garages) for Working Families Easy Access to Highway 101, Marsh Rd, Woodside Rd, El Camino Real Proven Performer With Solid Cashflow & Value Appreciation Building SF: 7,600 SF / Lot Size: 10,000 SF / Cost Per SF: $592/SF

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R-3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Composition

Building

Water Public

Schools

School District Other

Others

Tax ID 055031230

Security Features Security Lights

Financing Conventional

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Don Sung • Colliers Parrish International
Bought with Michael Henshaw • Marcus & Millichap

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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