50 Dumbarton Avenue
Redwood City, CA 94063
0.18 acres | #ML81984282
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.
Property Details
- Date ClosedJanuary 16, 2025
- Property SubtypeCommercialSale
- Original List Price$3,688,000
- MLS #ML81984282
- MLS #ML81984282
- CountySan Mateo
- Property TypePurchase
- Taxes Annual$55,998
- Cost3688000
- Acres0.1768
- Utility SourcePublic
- School DistrictOther
- Year Built1962
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kyle De Mattei (#ML5092337)
Listing Office: Magnify Real Estate (#ML5099692)
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