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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.

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
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 31954196

  • Date on Market: 29/05/2024

  • Last Updated:

  • Address: 200 Dumbarton Ave, Redwood City, CA 94063

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