1035 Adams St Redwood City, CA 94061

This exceptional investment opportunity presents an eight-unit apartment building located at 1035 Adams St, Redwood City, CA 94061. The property, built in 1945 and boasting 100% occupancy, offers a compelling mix of unit types. The main structure features a two-bedroom, two-bathroom single-family home, while the rear of the property comprises seven individual units: four one-bedroom, one-bathroom units and three studio units. This Class C multifamily property is priced at $3,200,000, representing an attractive price per unit of $400,000. The property's APN is 053-094-170. Water and garbage services are included in the property expenses, while tenants are responsible for PG&E and other utilities. Situated in the heart of Silicon Valley, Redwood City offers a robust economy, a strong job market, and a thriving tech industry, making this a highly desirable location for rental income. The city also provides numerous amenities, including museums, theaters, excellent schools, parks, and recreational facilities. This property presents a significant value-add opportunity for discerning investors seeking a strong return in a prime location. The property's strong occupancy rate and desirable unit mix contribute to its overall appeal. This is a rare chance to acquire a well-positioned multifamily asset in a highly sought-after California market.