CA > Redwood City
Redwood City, CA 94061,154 Poplar AVE
Redwood City, CA 94061,154 Poplar AVE
Redwood City, CA 94061,154 Poplar AVE
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$1,995,000
Est. payment /mo
5,501 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID ML81997635

HOA Y/N No

Year Built 1964

Annual Tax Amount $22,170

Lot Size 5,501 Sqft

Property Description

Prime 5-unit apartment building. Excellent unit mix: (3) 2+1, (2) 1+1. 5.78% DAY ONE CAP RATE. 11.97 DAY ONE GRM. Outstanding cash flow and strong in-place RUBS & laundry income. Ideally located west of the El Camino Real in close proximity to all the dining, shopping & entertainment amenities of downtown Redwood City. Strategically positioned between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination for businesses, residents, and visitors. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R3

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 4

Roof Type Flat

Building

Water Public

Schools

School District Other

Others

Tax ID 053282310

Security Features Security Lights

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew Thomson • Compass

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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