Redwood Apartments 200 Dumbarton Ave 33 Unit Apartment Building $12,166,000 CAD ($368,667 CAD/Unit) 5.84% Cap Rate Redwood City, CA 94063

Redwood Apartments is a stunning 33-unit apartment community located in the thriving city of Redwood City, California.
Situated on a 28,584 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 26,356 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants private covered parking and a shared on-site laundry facility.
The subject property is located minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet services is also within close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. In addition to excellent public transportation options, residents enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge.
The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, Redwood Apartments presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.