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116 Pine St 10 Unit Apartment Building $4,862,558 CAD ($486,256 CAD/Unit) Redwood City, CA 94063
Executive Summary
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. Co-listed with Matt Thomson at Compass: 650-515-6555/matt.thomson@compass.com and Larry Aikins at Terrace Realty: 650-504-4577 / laikins@aol.com. Call or e-mail agents for OM and link to Due Diligence file.
Property Facts
| Price | $4,862,558 CAD | Building Class | C |
| Price Per Unit | $486,256 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,300 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MULW - S | ||
| Price | $4,862,558 CAD |
| Price Per Unit | $486,256 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,300 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | MULW - S |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 550 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 053-195-080 | Improvements Assessment | $836,865 CAD |
| Land Assessment | $4,869,050 CAD | Total Assessment | $5,705,915 CAD |
Property Taxes
Parcel Number
053-195-080
Land Assessment
$4,869,050 CAD
Improvements Assessment
$836,865 CAD
Total Assessment
$5,705,915 CAD
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116 Pine St
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