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Listed by Jimmy Castellanos • Marcus & Millichap
$ 2,890,000
Est. payment | /mo
6,249 SqFt
$ 2,890,000
Est. payment | /mo
6,249 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,249 sqft
Price per Sqft $462
MLS Listing ID ML82020310
HOA Y/N No
Year Built 1964
Lot Size 6,980 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Marcus & Millichap is excited to present 517 Vera Ave, a boutique 6-unit multifamily community in Redwood City, one of the Bay Areas most dynamic submarkets. Five of the six apartment homes have been meticulously renovated, blending modern design with functional layouts and luxury-inspired finishes. Current average rents of $2,810 per month provide durable in-place income with a projected 10% rental upside. Two ground-floor units feature private patios or expansive backyards, while four upper-level units enjoy spacious balconies, enhancing tenant appeal. The property is within walking distance of Caltrain, offering unmatched regional access for Peninsula commuters.
Location
State CA
County San Mateo
Interior
Heating Forced Air
Fireplace No
Laundry Coin Operated
Exterior
Handicap Access Other
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Ray Marquez
Broker-Associate | Lic# CA DRE#01800314 AZ# BR70577800