50 Dumbarton AVE Active

Redwood City,CA 94063

$ 3688000

- Bed

0 Bath

10903 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,903 sqft

Price per Sqft $338

MLS Listing ID ML81984282

Year Built 1962

Annual Tax Amount $55,998

Lot Size 7,701 Sqft

Property Description

We are pleased to present the opportunity to acquire 50 Dumbarton Ave, a meticulously maintained property with 10 units. This property has benefited from over 30 years of dedicated ownership, ensuring its excellent condition. Built in 1962, the building spans 10,903 square feet per county record on a 7,700 square foot corner parcel. The unit mix includes 8 two-bedroom/one-bathroom units and 2 studios, offering a versatile living arrangement. The building has copper plumbing and recent capital improvements include a new sewer line, dual pane windows and a new central water heater. Interior upgrades include LVP floors, granite countertops, bathroom vanities and shower surrounds. The property has strong cash flow with 20%+ upside in rents. The property is ideally located close to El Camino Real, providing easy access to transportation and major highways. It is conveniently near Downtown Redwood City, Elco Yards, Downtown Menlo Park, Stanford Shopping Mall, and Stanford University. Additionally, it is in proximity to major corporate headquarters such as Facebook, Google, and Oracle, among many others.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R300S5

Interior

Heating Wall Furnace

Cooling None

Exterior

Roof Type Flat

Building

Water Public

Schools

School District Other

Others

Special Listing Condition Standard

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