Libra Apartment | 150 Harrison Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Libra Apartment 150 Harrison Ave
22 Unit Block of Flats £9,085,115 (£412,960/Unit) 4.65% Net Initial Yield Redwood City, CA 94062
Investment Highlights
- Exceptional Turn-Key Investment Opportunity - Investors have the opportunity to acquire an extensively renovated asset in Redwood City.
- Desirable Unit Mix - 150 Harrison Ave offers tenants beautifully-designed two-bedroom, one-bedroom and studio floor plans.
- Potential Seller Financing Available - Seller is offering to carry a portion of financing terms in the 2nd position.
- Over $1.1M in Recent Capital Improvements - The subject property has recently undergone significant exterior and interior renovations.
- Convenient Community Amenities - The subject property offers tenants and residents access to covered parking and on-site laundry facilities.
Executive Summary
150 Harrison Ave is a stunning 22-unit apartment complex located in the thriving city of Redwood City, California.
Situated on a 21,800 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 19,293 square feet. The subject property offers its tenants beautifully designed studio, one-bedroom, and two-bedroom floor plans. 150 Harrison Ave has recently seen capital improvements creating modern, spacious apartments that features remodeled kitchens, remodeled bathrooms, premium appliances, WiFi enabled lighting with Amazon's Alexa support, recessed LED lighting, dual pane windows, engineered wood floors, highly desirable finishes, and a private balcony.
Nearby essential mass transit options offer direct access to all major Bay Area destinations. The Redwood City Caltrain Station, offering Baby Bullet services is within walking distance to the subject property and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. SamsTrans, the area's bus service, provides quick access to Redwood City's diverse Courthouse Square. The subject property is also across the street from a Whole Foods, Sequoia Station Shopping Mall and the lively Downtown Redwood City, home to a myriad of high-end shopping, dining and entertainment options. Theatre District, Shops on Broadway, dining, shopping and music venues. In addition to excellent public transportation options, residents enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge.
The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 150 Harrison Ave presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, and entertainment options.
Situated on a 21,800 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 19,293 square feet. The subject property offers its tenants beautifully designed studio, one-bedroom, and two-bedroom floor plans. 150 Harrison Ave has recently seen capital improvements creating modern, spacious apartments that features remodeled kitchens, remodeled bathrooms, premium appliances, WiFi enabled lighting with Amazon's Alexa support, recessed LED lighting, dual pane windows, engineered wood floors, highly desirable finishes, and a private balcony.
Nearby essential mass transit options offer direct access to all major Bay Area destinations. The Redwood City Caltrain Station, offering Baby Bullet services is within walking distance to the subject property and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. SamsTrans, the area's bus service, provides quick access to Redwood City's diverse Courthouse Square. The subject property is also across the street from a Whole Foods, Sequoia Station Shopping Mall and the lively Downtown Redwood City, home to a myriad of high-end shopping, dining and entertainment options. Theatre District, Shops on Broadway, dining, shopping and music venues. In addition to excellent public transportation options, residents enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge.
The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 150 Harrison Ave presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, and entertainment options.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £9,085,115 | Property Subtype | Apartment |
Price Per Unit | £412,960 | Apartment Style | Low Rise |
Sale Type | Investment | Building Class | C |
Net Initial Yield | 4.65% | Lot Size | 0.50 AC |
Gross Rent Multiplier | 14.75 | Building Size | 19,293 SF |
No. Units | 22 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1961 |
Price | £9,085,115 |
Price Per Unit | £412,960 |
Sale Type | Investment |
Net Initial Yield | 4.65% |
Gross Rent Multiplier | 14.75 |
No. Units | 22 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.50 AC |
Building Size | 19,293 SF |
Number of Floors | 3 |
Year Built | 1961 |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
Studios | 1 | - | 500 |
1+1 | 12 | - | 650 |
2+1 | 9 | - | 850 |
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
Parcel Number | 053-041-330 | Total Assessment | £6,849,386 |
Land Assessment | £3,223,241 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £3,626,146 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
053-041-330
Land Assessment
£3,223,241
Improvements Assessment
£3,626,146
Total Assessment
£6,849,386
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | R40000 |
R40000 |
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Libra Apartment | 150 Harrison Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.