For Sale

348 4TH AVENUE, REDWOOD, CA 94063

348 4th Ave

$7,988,800

348 4th Avenue is a 22-unit apartment community located in the heart of Silicon Valley’s thriving Redwood City which is one of the most sought after rental markets in the country. This property rests on a 12,000 square feet lot with 12,427 square feet of rentable space. The investment appeal of this asset is driven by an economically robust area with low vacancies and a high demand for employment and housing. Strategically located between San Francisco and San Jose, a plethora of major employers, boundless opportunities for business and recreation, convenient access to commute routes make 348 4th Avenue an attractive investment to secure valuable housing stock. The entry lobby was recently upgraded and an on-site exterior wifi camera was installed. Great for investors, non profit, affordable housing advocate, or developer needing affordable housing requirement.

 

  • Price Per Unit - $363,127
  • Sale Type - Investment
  • No. Units - 22
  • Average Occupancy - 100%
  • Parking Ratio - 1.01/1,000 SF
  • Opportunity Zone - No
  • Building Class - C

0.28 Acres lot

Bruce Bean

Bruce Bean

Billy DeMartini

Billy DeMartini

Features & Amenities

Interior

  • KITCHEN Yes
  • Laundry room Yes
  • Flooring Carpet
  • APPLIANCES Refrigerator

Area & Lot

  • Status For Sale
  • Total Area0.28 Acres
  • Lot Area0.28 Acres
  • TypeCONDO
  • YEAR BUILT1972

Exterior

  • other exterior FeaturesCourtyard

Financial

  • Sales Price$7,988,800
348 4th Ave
348 4th Ave

One of the most sought after rental markets in the country.

– The Trafton Group
348 4th Ave

Work With Us

The Trafton Group’s in-depth analysis of space needs and requisite improvements streamlines lease negotiations and results in significant savings to the landlord and tenants.