486 Beech Street, Redwood City, CA 94063
- $5,000,000
- Sold Price
- $5,000,000
- List Price
- $5,000,000
- Closing Date
- Jan 28, 2026
- Status
- CLOSED
- MLS#
- ML82026575
- Year Built
- 1962
- Lot Size
- 8,811
- Acres
- 0.20
- Lot Location
- Level
- Days on Market
- 4
- Property Type
- Commercial
Property Description
Exceptional 16-unit multifamily property located just three blocks from Downtown Redwood City, one of the Peninsulas most dynamic and rapidly growing rental markets. Built in 1962 and totaling approximately 13,582 square feet on an 8,800 square foot lot, the property features sixteen (16) spacious one-bedroom/one-bathroom units averaging about 520 square feet each. --- Every unit is individually metered for electricity and has been upgraded with BRAND NEW Square-D Electrical Sub-panels and NEW Dual-pane Windows, providing efficient operation and reduced maintenance costs. --- The property has a hot tar torch-down roof installed in 2007, landlord-owned coin-op laundry machines, and tenant paid storage and parking for additional income. --- The location is highly desirable, just a short walk to the restaurants, shops, and entertainment of Downtown Redwood City, as well as Caltrain for convenient access to both San Francisco and San Jose. -- Combining strong in-place cash flow with a CURRENT CAP RATE of 5.45% and GRM of 11.48, 486 Beech Street gives the investor immediate value-add potential, in one of the Bay Area's a prime central locations.
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Additional Information
- Taxes
- $54,705
- Heat
- Electric, Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Bitumen, Flat
- Water
- Public
- School District
- Other
- Elementary School
- Hoover
- Middle School
- John F. Kennedy
- High School
- Sequoia
- Attached Structure
- Detached
- Gross Scheduled Income
- $435,504
Listing courtesy of Listing Agent: Nate Gustavson (nate@gustavsongroup.com) from Listing Office: Compass.
Listing sold by Joel Hopman from Newmark Cornish & Carey
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.