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50 Dumbarton Avenue

Redwood City, CA 94063
  • $3,688,000
  • STATUS: Active Under Contract
  • ON SITE: 20 Days
  • ID#: ML81984282
Under Contract
UPDATED: 31 min ago
$3,688,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1962
County:

School Ratings & Info

School District:
Listing Agent(s): Kyle De Mattei of Magnify Real Estate ((877) 776-7718) and David Katz of Magnify Real Estate((877) 776-7718)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-08T21:33:40.733. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/156924804
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50 Dumbarton Avenue Redwood City, CA 94063

  • Price: $3,688,000
  • Status: Active Under Contract
  • On Site: 20 Days
  • Updated: 31 min ago
  • ID#: ML81984282
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1962
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
School District:
Other
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.
Exterior Features

Carport Spaces 10 Carport YN Yes Parking Total 0 Roof Flat

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 315651 Insurance Expense 10903 Listing Agreement Exclusive Right To Sell Maintenance Expense 7500 Other Expense 0 Special Listing Conditions Standard Tax Annual Amount 55998 Trash Expense 0 Water Source Public Zoning R300S5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-08T21:33:40.733. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Kyle De Mattei of Magnify Real Estate ((877) 776-7718) and David Katz of Magnify Real Estate((877) 776-7718)