Redwood Apartments | 200 Dumbarton Ave
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Redwood Apartments 200 Dumbarton Ave
33 Unit Block of Flats £7,504,014 (£227,394/Unit) 5.18% Net Initial Yield Redwood City, CA 94063
Investment Highlights
- Investors have the opportunity to acquire a well-situated asset in the dynamic and desirable Redwood City location.
- The subject property is located within minutes of vibrant Downtown Redwood City, home to a myriad of highend shopping, dining & entertainment options.
- Redwood Apartments offers tenants beautifully designed two-bedroom and one-bedroom floor plans.
- The subject property offers tenants and residents convenient access to transportation corridors and services.
Executive Summary
Redwood Apartments is a stunning 33-unit apartment community located in the thriving city of Redwood City, California.
Situated on a 28,584 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 26,356 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants private covered parking and a shared on-site laundry facility.
The subject property is located minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet services is also within close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. 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, Redwood Apartments presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Situated on a 28,584 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 26,356 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants private covered parking and a shared on-site laundry facility.
The subject property is located minutes from the lively Downtown Redwood City which offers tenants and residents a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, offering Baby Bullet services is also within close by and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. 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, Redwood Apartments presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, 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 | £7,504,014 | Apartment Style | Low Rise |
Price Per Unit | £227,394 | Building Class | C |
Sale Type | Investment | Lot Size | 0.66 AC |
Net Initial Yield | 5.18% | Building Size | 26,356 SF |
Gross Rent Multiplier | 11.21 | Number of Floors | 3 |
No. Units | 33 | Year Built | 1964 |
Property Type | Residential | Parking Ratio | 1.82/1,000 SF |
Property Subtype | Apartment |
Price | £7,504,014 |
Price Per Unit | £227,394 |
Sale Type | Investment |
Net Initial Yield | 5.18% |
Gross Rent Multiplier | 11.21 |
No. Units | 33 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.66 AC |
Building Size | 26,356 SF |
Number of Floors | 3 |
Year Built | 1964 |
Parking Ratio | 1.82/1,000 SF |
Unit Amenities
- Heating
Site Amenities
- Laundry Facilities
- Gated
- Recycling
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 25 | - | 687 |
2+2 | 8 | - | 800 |
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
Parcel Number | 054-201-560 | Total Assessment | £8,398,557 |
Land Assessment | £4,199,278 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £4,199,278 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
054-201-560
Land Assessment
£4,199,278
Improvements Assessment
£4,199,278
Total Assessment
£8,398,557
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | R300S5 |
R300S5 |
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Redwood Apartments | 200 Dumbarton Ave
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