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Listed by Steve Zirelli • Cornish & Carey Commercial, DRE#01929245
$ 3,395,000
Est. payment /mo
Price Dropped by $100K
116 Pine ST Redwood City, CA 94063
3 Beds
2 Baths
6,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $538
MLS Listing ID ML82033415
Bedrooms 3
Full Baths 2
Year Built 1953
Lot Size 7,267 Sqft
Property Sub-Type Five or More Units
Property Description
Introducing 116 Pine St. in downtown Redwood City. The property features 10 fully renovated units (kitchens, baths, floors, doors, electrical, etc.) and offers three 2 bedroom 1 bathroom units and seven 1 bedroom 1 bathroom units. It sports an insanely desirable WalkScore of 94. Most importantly it is located one block from the 8 acre $600,000,000 Elko Yards development project. There's nothing but upside in this pocket of Redwood City and this investment provides solid returns immediately. Strong in-place RUBS. In close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula.
Location
State CA
County San Mateo
Area Lenolt Etc.
Zoning Multifamily
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Attached Garage, Carport
Garage Spaces 2.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 053-195-080
Security Features None
Special Listing Condition Not Applicable
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