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    2707 Marlborough Avenue

    Redwood City, CA 94063
    • $1,498,000
    • STATUS: Active Under Contract
    • ON SITE: 78 days
    • ID#: ML81800148
    Under Contract
    UPDATED: 56 min ago
    $1,498,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,800
      SQFT
    • $832
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    2707 Marlborough Avenue is a stunning triplex located in thriving Redwood City, Ca. Situated on a .13 acre parcel of land, the subject property was originally constructed in 1924 and has a gross building area of approximately 1,800 sq ft, offering its tenants beautifully designed 1-bedroom floorplans. The subject property offers investors the unique opportunity to own a property that is within close proximity to Downtown Redwood City. Considered to be one of the most successful redevelopment efforts in the region, Downtown Redwood City. The investment appeal of this asset is driven by Redwood Citys strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 2707 Marlborough Avenue presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T09:28:55.973. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/107656959
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    2707 Marlborough Avenue Redwood City, CA 94063

    • Price: $1,498,000
    • Status: Active Under Contract
    • Updated: 56 min ago
    • ID#: ML81800148
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,800
    SQFT
    $832
    $/SQFT
    1924
    Built
    Neighborhood:
    699 - Not Defined
    County:
    San Mateo
    Area:
    699 - Not Defined
    Property Description
    2707 Marlborough Avenue is a stunning triplex located in thriving Redwood City, Ca. Situated on a .13 acre parcel of land, the subject property was originally constructed in 1924 and has a gross building area of approximately 1,800 sq ft, offering its tenants beautifully designed 1-bedroom floorplans. The subject property offers investors the unique opportunity to own a property that is within close proximity to Downtown Redwood City. Considered to be one of the most successful redevelopment efforts in the region, Downtown Redwood City. The investment appeal of this asset is driven by Redwood Citys strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 2707 Marlborough Avenue presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
    Exterior Features

    Carport Spaces 0.00 Foundation Details Slab Garage Spaces 0.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedOff StreetStreet Parking Total 0.00 Parking YN Yes Roof Composition

    Interior Features

    Average1 Bed Area 600 Average2 Bed Area 600 Average3 Bed Area 600 Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Accessibility Features Entry Slope Less Than 1 FootDoors - Swing InLow Pile CarpetingOtherNo Interior Steps2+ Access Exits Cap Rate 3.90 Gross Multiplier 17.07 Gross Scheduled Income 87780.00 Insurance Expense 1098.00 Maintenance Expense 1500.00 Professional Management Expense 0.00 Special Listing Conditions Standard Trash Expense 0.00 Zoning R300s5

    Listing provided courtesy of Robert Johnston of Marcus & Millichap and Adam S. Levin of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T09:28:55.973. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
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