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1151 Davis St 7 Unit Apartment Building $4,291,950 CAD ($613,136 CAD/Unit) 4.21% Cap Rate Redwood City, CA 94061
EXECUTIVE SUMMARY
Introducing 1151 Davis St. in Redwood City. This 7 unit gem is located in a fantastic west of El Camino neighborhood and feature one 2 bedroom, five 1 bedroom and one studio units. Two units benefit from balconies and two others from private yards. All units are uniformly and completely renovated: new kitchens, new bathrooms, flooring, doors, molding, Schlage Smart Locks, etc. All electrical main panels have been upgraded. All but one of the sub-panels has been upgraded. A bike shed featuring top of the line wall mount bike racks was recently constructed onsite. Come see this beautiful turnkey investment opportunity.
PROPERTY FACTS
| Price | $4,291,950 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $613,136 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.21% | Building Size | 5,510 SF |
| Gross Rent Multiplier | 15.95 | No. Stories | 1 |
| No. Units | 7 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,291,950 CAD |
| Price Per Unit | $613,136 CAD |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| Gross Rent Multiplier | 15.95 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,510 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Parking Ratio | 1.45/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Bicycle Storage
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 5 | - | 525 |
| 2+1 | 1 | - | 625 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 053-112-270 | Improvements Assessment | $579,160 CAD |
| Land Assessment | $2,934,424 CAD | Total Assessment | $3,513,584 CAD |
PROPERTY TAXES
Parcel Number
053-112-270
Land Assessment
$2,934,424 CAD
Improvements Assessment
$579,160 CAD
Total Assessment
$3,513,584 CAD
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1151 Davis St
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