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1410 Hess Rd
Redwood City, CA 94061 Redwood City

$3,880,000 USD

Apartments For Sale  •  5,416 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,189 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1958
  • Cap Rate 4.10 %
  • Zoning R2, Redwood City
0 Transit Score
76 Walk Score

Highlights

Turnkey investment with rental upside nestled in Redwood City
Desirable Unit Mix: (1) 2BD/2BA, (1) 2BD/1BA, and (6) 1BD/1BA units
Recent upgrades include remodeled interiors, newly constructed ADU and full electric upgrade with 400 amp main panel and disconnects
Features dual-pane windows, stainless steel appliances, coin-operated laundry, parking spaces, and more
1.3 miles from downtown Redwood City and the Caltrain Station
Easy access to Highways 101, 280, and El Camino Real

Property Flyers

Financial Summary (Actual)

Net Operating Income: $159,134 USD (2023)
Cap Rate: 4.10 %
Total Expenses: $80,751 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Fenced Lot
  • Laundry Facilities
  • Tile Floors
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Yard
  • Double Pane Windows
  • Vinyl Flooring
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Redwood City (Caltrain - Caltrain (Caltrain)) 4 min - 1.5 mi
Menlo Park (Caltrain - Caltrain (Caltrain)) 7 min - 3.2 mi
AirportDriveWalkDistance
San Francisco International 23 min - 16.2 mi
Norman Y Mineta San Jose International 27 min - 20.2 mi
Metro Oakland International 42 min - 31.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Eric Katz 408-438-0969 Magnify
Eric Katz 408-438-0969 Magnify