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Tim Alford & Faye Bon

homes@alfordbon.com +1(408) 832-7698

Listed by Nate Gustavson • Compass

$ 6,250,000

Est. payment | -/mo

4 Beds

3 Baths

11,600 SqFt

Save

$ 6,250,000

Est. payment | -/mo

Save

4 Beds

3 Baths

11,600 SqFt

OPEN HOUSE

Wed May 28, 11:00am - 1:00pm

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 11,600 sqft

Price per Sqft $538

MLS Listing ID ML82007546

Bedrooms 4

Full Baths 3

Year Built 1956

Lot Size 0.441 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Nate Gustavson & Cameron Foster of Compass Commercial is pleased to welcome you to The Oak Court Apartments, a rare twenty (20) unit multifamily investment opportunity ideally situated in the heart of Redwood City. This well-maintained property spans two adjacent parcels and features a highly desirable unit mix: eighteen (18) spacious 1-bedroom/1-bath units, one (1) 3-bedroom/2-bath unit with a private patio, and one efficient studio unit. The buildings offer a combined 11,600 square feet of rentable space on a 19,190-square-foot lot, with attractive amenities including a secured fenced-in pool, owned coin-operated laundry facilities, and twenty (20) on-site parking spaces (19 covered). Constructed in 1956 and thoughtfully updated over timeincluding a new Thermo Plastic Olefin (TPO) roof in 2017The Oak Court Apartments provide residents with comfortable living and convenient access to nearby essentials. Each unit is individually metered for gas and electricity, adding efficiency and flexibility for future management. With a strong in-place income of over $548,000 annually, a 5.50% current cap rate, and attractive rental upside potential, this turnkey asset is perfect for both seasoned investors and 1031 exchange buyers.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R40000

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Carpet, Laminate

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport , Covered Parking

Garage Spaces 1.0

Pool Pool - In Ground

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Elastomeric

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public, Water On Site

Others

Tax ID 053-271-160

Special Listing Condition Not Applicable

GET MORE INFORMATION

Tim Alford & Faye Bon

REALTOR® | Lic# 01507448 | 01746037

homes@alfordbon.com

+1(408) 832-7698

518 N Santa Cruz Ave, Los Gatos, CA, 95030, USA

309-315 Oak AVE Redwood City, CA 94061

Tim Alford & Faye Bon

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

309-315 Oak AVE