Under the same ownership as the adjacent 103-115 James Avenue, the two properties may be purchased together as a combined 10-unit portfolio or acquired separately. --- Compass Commercial is pleased to announce the exclusive listing of 405 Arch Street & 77-83 James Avenue, a well-located 5-unit multifamily investment opportunity in Redwood City's Arch Street corridor, just west of El Camino Real. Offered at $1,800,000, the property consists of five (5) units across approximately 3,855 square feet of building area on a 6,000-square-foot lot. The unit mix includes four (4) 1-bedroom/1-bath units (770 sqft) and one (1) 2-bedroom/1-bath unit (775 sqft) -- The property sits in a quiet, tree-lined residential pocket within walking distance of Downtown Redwood City's shops and restaurants, the Safeway-anchored Sequoia Shopping Center, and Caltrain, with convenient access to Highway 101 and I-280. Amenities include owned washer/dryer, separately metered electric and gas, and Siemens circuit-breaker sub-panels. California SB 721 mandated inspection has been completed and is on file. -- Built in 1923, the property generates approximately $112,140 in scheduled gross annual income, with net operating income of approximately $63,128, a 3.51% cap rate and 16.05 GRM.
| MLS # | ML82061485 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 13 |
| Listing Provided By | Compass | Nate Gustavson |
| SQ Feet | 3,855 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | Multifamily Residential |
| Acreage | 0.14 |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Composition, Elastomeric, Shingle |
|---|
| Property | 19694 |
|---|
| State | CA |
|---|---|
| County | San Mateo |
| City | Redwood City |
| Zip Code | 94062 |
| Area | 699 Not Defined |
| Listing VS Median (in 94062) | |
Price: $1,800,000 low | high Med: $2,998,000 sqft: 3,855 low | high Med: 7,513 $ / sqft: $467 low | high Med: $399 On site: 13 low | high Med: 11 | |
| State | CA |
|---|---|
| County | San Mateo |
| City | Redwood City |
| Zip Code | 94062 |
| Area | 699 Not Defined |
| Listing VS Median (in 94062) | |
Price: $1,800,000 low | high Med: $2,998,000 sqft: 3,855 low | high Med: 7,513 $ / sqft: $467 low | high Med: $399 On site: 13 low | high Med: 11 | |