348 4Th Ave Redwood City, CA 94063
- Apartment buildings
- 12,427 SF
- 0.28 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 348 4Th Ave
- Year built
- 1972
- Lot size
- 0.28 lot acres
- Property size
- 12,427 SF
- Zone code
- R300S5
- Property type
- Apartment buildings
- APN
- 060-084-310
- APU
- 60084310
Description
This exceptional 22-unit apartment building presents a compelling investment opportunity in Redwood City, California. Located at 348 Fourth Avenue, this Class C property boasts 12,427 square feet of rentable space on a 0.28-acre lot. Currently operating at 100% occupancy, the property offers a strong return on investment with a price per unit of $363,127 and a price per square foot of $642.86. The building features a recently upgraded entry lobby and a newly installed exterior WiFi security camera. With a parking ratio of 1.01 spaces per unit, this property caters to the high demand for housing in the thriving Silicon Valley market. Its strategic location between San Francisco and San Jose provides convenient access to major employers and transportation routes. The property's strong performance and location make it an ideal investment for those seeking valuable housing stock in a robust economic area with low vacancy rates. This asset is suitable for investors, non-profit organizations, affordable housing advocates, or developers seeking to meet affordable housing requirements. The building's 12,427 square feet of rentable space is spread across 22 units. This is a multifamily property with retail components.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Redwood City
- County
- San Mateo
- State
- California
- Longitude
- -122.205
- Latitude
- 37.4718
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
