$2,480,000
$2,580,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
7,238 SqFt
SOLD DATE : 06/13/2024
Key Details
Sold Price $2,480,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,238 sqft
Price per Sqft $342
MLS Listing ID ML81953441
Sold Date 06/13/24
Bedrooms 3
Full Baths 2
Year Built 1960
Lot Size 8,874 Sqft
Property Description
1502 Ebener Street in is a well maintained 6-unit apartment building with extra large units with spacious bedrooms located in highly desirable Redwood City, California. Situated on a 8,874 square-foot lot, the building has a gross building area of 7,238 square feet. The unit mix has four (4) 2-bedroom/1-Bathroom units at approximately 954 sqft, and two (2) 1-Bedroom/1-Bathroom units at approximately 768 sqft. Tenants benefit from having their own covered carport (7 total on-site), an on-site coin-operated laundry room, and each has their own individual storage locker. The downstairs units (2) have private patios, and the upstairs units (4) have large private decks. Individually metered for gas/electric, there is central forced air heating in four (4) of the units, with one (1) unit having electric baseboard heating. This is great opportunity to run a profitable investment property as it stands or create value by remodeling interiors to increase rents and/or potentially add ADU units as accomplished by the neighboring owner. Located in the Palm Park Neighborhood, Safeway, Whole Foods, Sequoia Station Shopping Center and Redwood Village Shopping Center are all located within a 5-minute drive of 1502 Ebener Street.
Location
State CA
County San Mateo
Area Central Park Etc.
Zoning R-4
Rooms
Other Rooms Laundry Room, Storage
Interior
Heating Central Forced Air, Electric
Cooling Ceiling Fan
Flooring Carpet, Hardwood, Laminate, Tile
Laundry Coin Operated
Exterior
Garage Assigned Spaces, Carport
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public, Sewer Connected
Water Public
Others
Restrictions None
Tax ID 059-063-320
Security Features None
Special Listing Condition Not Applicable
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Bought with Nate Gustavson • Compass