$4,700,000
$5,000,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
8,189 Sqft Lot
SOLD DATE : 01/05/2024
Key Details
Sold Price $4,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81937986
Sold Date 01/05/24
HOA Y/N No
Year Built 1932
Annual Tax Amount $54,005
Lot Size 8,189 Sqft
Property Description
Marcus & Millichap is pleased to present the opportunity to acquire 1141 Whipple Avenue, a 21-unit apartment building in Redwood City, CA. Built in 1932, the four-story building was designed in the Art Deco style, making it distinctive among the other multi-family properties in the neighborhood. The building is situated on an 8,190 square foot site that is two blocks from El Camino Real and just over one-half mile to downtown Redwood City. The property features a mix of nine studio units and 12 one-bedroom units. Studio units average of 400 square feet and one-bedroom units average of 598 square feet. The building features a secured entrance and lobby that provides access to the interior stairway and hallways. The property has a garage at grade level with six parking spaces, as well as uncovered parking for two vehicles. Amenities include laundry facilities and a rooftop deck.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-5, Multifamily - High D
Interior
Heating Radiant
Cooling None
Fireplace No
Exterior
Roof Type Composition,Flat
Total Parking Spaces 2
Building
Lot Description Level
Water Public
Schools
School District Other
Others
Tax ID 052182210
Financing Seller Financing
Special Listing Condition Standard
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Bought with Cole Simpson • Marcus & Millichap
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Realtor® | Lic# 01332311