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$3,688,000
Est. payment /mo
7,701 Sqft Lot
UPDATED:
12/22/2024 08:42 PM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML81984282
HOA Y/N No
Year Built 1962
Annual Tax Amount $55,998
Lot Size 7,701 Sqft
Property Description
We are pleased to present the opportunity to acquire 50 Dumbarton Ave, a meticulously maintained property with 10 units. This property has benefited from over 30 years of dedicated ownership, ensuring its excellent condition. Built in 1962, the building spans 10,903 square feet per county record on a 7,700 square foot corner parcel. The unit mix includes 8 two-bedroom/one-bathroom units and 2 studios, offering a versatile living arrangement. The building has copper plumbing and recent capital improvements include a new sewer line, dual pane windows and a new central water heater. Interior upgrades include LVP floors, granite countertops, bathroom vanities and shower surrounds. The property has strong cash flow with 20%+ upside in rents. The property is ideally located close to El Camino Real, providing easy access to transportation and major highways. It is conveniently near Downtown Redwood City, Elco Yards, Downtown Menlo Park, Stanford Shopping Mall, and Stanford University. Additionally, it is in proximity to major corporate headquarters such as Facebook, Google, and Oracle, among many others.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R300S5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 10
Roof Type Flat
Building
Water Public
Schools
School District Other
Others
Tax ID 054283230
Special Listing Condition Standard
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Listed by Kyle De Mattei • Magnify Real Estate