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590 Veterans Blvd
1.37 Acres of Residential Land Offered at £13,458,140 in Redwood City, CA 94063
Investment Highlights
- appoved 95 unit condo project with potential to increase density - CEQA complete
Executive Summary
High Density Multifamily Residential Condominium Opportunity: build to sell or build to hold.
Per city staff official statement, site is zoned for up to 170 +/- market rate units with BMR's. contact agent.
Property Facts
| Price | £13,458,140 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Development Sale | Total Lot Size | 1.37 AC |
| No. Lots | 1 |
| Price | £13,458,140 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.37 AC |
1 Lot Available
Lot
| Price | £13,458,140 | Lot Size | 1.37 AC |
| Price Per AC | £9,823,460 |
| Price | £13,458,140 |
| Price Per AC | £9,823,460 |
| Lot Size | 1.37 AC |
level - 2 street frontage - 1-@4,000sf bldg leased - concrete./asphalt surface
Description
Entitlements are in process for this 6 story building features four floors of 95 residential units over two levels above grade parking with 150 parking stalls. Resident amenity spaces include a communal co-working lounge, a club house with kitchen and entertaining space, and a central courtyard featuring a pool, seating, and grilling areas. The Unit Mix consists of 26 one-bedrooms, 65 two-bedrooms, and 4 three-bedrooms. Potential to increase unit count up to 172 +/-market rate units Including required BMR's. Contact agent.
PROPERTY TAXES
| Parcel Number | 052-261-680 | Improvements Assessment | £73,186 |
| Land Assessment | £154,506 | Total Assessment | £227,692 |
PROPERTY TAXES
zoning
| Zoning Code | MUC-VB & MUT (Medium high density residential. City approved 95 unit condo's. opportunity to increase units to 170+/- for this site.) |
| MUC-VB & MUT (Medium high density residential. City approved 95 unit condo's. opportunity to increase units to 170+/- for this site.) |
Presented by
590 Veterans Blvd
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