Redwood City, CA 94061
$8,500,000
Bed
0
Bath
0
Living Space
18,557 SqFt
Year Built
1957
Lot Size
0.51 Acres
Days
19
14501480 Hess Road is a well-located 22-unit apartment community situated on two (2) parcels in Redwood Citys desirable Palm Park neighborhood. Offered at $8,500,000, the property consists of 22-units across approximately 18,557 square feet of building area on a 22,241-square-foot lot. The unit mix includes seventeen (17) 1-bedroom/1-bath units and five (5) 2-bedroom/1-bath units. --- The property offers an attractive combination of unit mix, parking, storage and tenant amenities, including four (4) enclosed garages, seventeen (17) carports, two (2) on-site laundry rooms with owned coin-operated machines, tenant storage, and a large owner workshop/storage room. Electric and gas are individually metered, and the property has Siemens circuit-breaker sub-panels and service equipment panels. SB-721 documentation, contractor report and pest report have been completed and are on file. --- The property generates approximately $670,620 in scheduled gross annual income, with a pro forma NOI of approximately $391,600, a 4.61% cap rate and 12.67 current GRM at the $8,500,000 asking price. Conveniently located near El Camino Real, shopping, dining, downtown Redwood City and major Peninsula employment centers, with access to Caltrain, Highway 101 and I-280.
Listing provided courtesy ofNate Gustavson License 01898316 Compass, Cameron Foster License 00972394 Compass
Data provided by MLSListings Inc.
- Clifford Elementary School (Elementary) - GreatSchools rating 7/10 - John F. Kennedy Middle School (Middle) - GreatSchools rating 6/10 - Sequoia High School (High) - GreatSchools rating 5/10 School District: Redwood City Elementary School District
Within a 1-2 mile radius of Hess Road, Redwood City, CA, 94061, several parks are available. These include Mezes Park, a 1.67-acre park with play equipment and picnic areas, and Red Morton Community Park, a larger 31.74-acre park featuring sports fields, playgrounds, and picnic facilities. Stulsaft Park, located 1.7 miles away, offers wooded trails, a playground, and an off-leash dog area.
The area around Hess Road in Redwood City is part of a diverse and active community. Redwood City itself is known for its strong neighborhoods, with various associations working to improve the local area. The city offers a mix of historic charm and modern development, with a variety of local businesses, dining options, and community events.
This location has a Walk Score of 98 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. Transit options include multiple bus lines such as the 278 and ECR, and train lines like the Limited, Local Weekday, Express, and Weekend Local. The nearest bus stops are Woodside Rd & Hess Rd, and El Camino Real & OAK Ave, with the Redwood City train station approximately a 22-minute walk away. A Transit Score is not available.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Clifford Elementary School (Elementary) - GreatSchools rating 7/10 - John F. Kennedy Middle School (Middle) - GreatSchools rating 6/10 - Sequoia High School (High) - GreatSchools rating 5/10 School District: Redwood City Elementary School District
Within a 1-2 mile radius of Hess Road, Redwood City, CA, 94061, several parks are available. These include Mezes Park, a 1.67-acre park with play equipment and picnic areas, and Red Morton Community Park, a larger 31.74-acre park featuring sports fields, playgrounds, and picnic facilities. Stulsaft Park, located 1.7 miles away, offers wooded trails, a playground, and an off-leash dog area.
The area around Hess Road in Redwood City is part of a diverse and active community. Redwood City itself is known for its strong neighborhoods, with various associations working to improve the local area. The city offers a mix of historic charm and modern development, with a variety of local businesses, dining options, and community events.
This location has a Walk Score of 98 out of 100, indicating it is a Walker's Paradise where daily errands do not require a car. Transit options include multiple bus lines such as the 278 and ECR, and train lines like the Limited, Local Weekday, Express, and Weekend Local. The nearest bus stops are Woodside Rd & Hess Rd, and El Camino Real & OAK Ave, with the Redwood City train station approximately a 22-minute walk away. A Transit Score is not available.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
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