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Listed by Matthew Thomson • Compass
$ 3,195,000
Est. payment | /mo
6,674 SqFt
$ 3,195,000
Est. payment | /mo
6,674 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,674 sqft
Price per Sqft $478
MLS Listing ID ML82022574
HOA Y/N No
Year Built 1960
Lot Size 7,776 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
OPEN HOUSE TOUR: Wednesday, October 8th from 1:00pm - 4:00pm. Prime 7-unit apartment building in west Redwood City offers a rare opportunity to acquire a stabilized asset in a high-demand rental market. 1526 Hess Road combines strong current income with long-term upside potential, making it an excellent opportunity for investors seeking stable returns in one of the Peninsula's most dynamic submarkets. All subpanels recently upgraded. Dual pane windows throughout. On-site laundry facility. Some units benefit from renovated kitchens and baths. The property is strategically positioned west of the El Camino Real in the Palm Park neighborhood and just minutes to downtown Redwood City and all the nightlife, dining, and entertainment amenities it has to offer. Residents enjoy easy access to mass transit with Sequoia Station and Caltrain only 1 mile away. The nearby Red Morton Community Park features running trails, tennis courts, a skate park, and more. Several major employers are also in close proximity, supporting strong ongoing rental demand. Convenient access to Woodside Road, 101 & 280.
Location
State CA
County San Mateo
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745