616 Canyon Road, Redwood City, CA 94062

List Price
$9,980,000
Status
ACTIVE
MLS#
ML82018923
Year Built
1963
Lot Size
16,422
Acres
0.38
Days on Market
29
Property Type
Commercial

Property Description

616 Canyon Rd is an exceptional 24-unit apartment community located in thriving Redwood City, California. This podium-style building boasts superior construction quality, offering both modern design and long-lasting durability. Situated on a 16,422 square foot parcel of land, the subject property was originally constructed in 1963 and has a gross building area of approximately 20,832 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans with select units featuring private balconies. The subject property also offers tenants convenient amenities such as storage lockers, private garage parking and a shared on-site laundry facility. Additionally, the subject property has recently undergone significant capital improvements including fresh paint, SB721 compliance and façade upgrades. The subject property is situated one block from the prestigious Emerald Hills and is within close proximity from the lively Downtown Redwood City which offers tenants a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, U.S. Hwy-101, I-280, the San Mateo-Hayward Bridge and the Dumbarton Bridge offering an inexpensive, hassle free commute to major employment and entertainment centers.

Additional Information

Taxes
$110,300
Cooling
Yes
Roof
Flat
Water
Public
School District
Other
Attached Structure
Detached
Gross Scheduled Income
$669,916

Listing courtesy of Listing Agent: Robert Johnston (robert.johnston@marcusmillichap.com) from Listing Office: Marcus & Millichap.

Mortgage Calculator

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.