3290 Rolison RD

REDWOOD CITY, CA, 94063

$4,415,000

$580 per ft²
$4,415,000
$580 per ft²
Sold
Sold
carpenters-square
7,600 ft²
property_type
Commercial
calendar
Built 1962
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
MLS® ID:
ML81890846
Updated:
10/6/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Laminate
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
10,001 ft² lot
Roof
Composition
Sewer
Sewer - Public

Other Property Details

Area Name
330
Garage
Yes
Garage Spaces
8
Parking
Detached Garage, Enclosed, Off-Street Parking
View
Y
County
San Mateo
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
R-3

Property History

Date
Event
Price
Value
8/19/22
Sold
-
-
8/19/22
Price Change
$4,415,000
-1%
7/13/22
Pending
-
-

 

Courtesy of Colliers Parrish International, Don Sung,
Listing Contact:  

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Data last updated 8:58 AM UTC, 10/6/22

 

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