The Oak Court Apartments are a rare twenty (20) unit multifamily investment opportunity ideally situated in the heart of Redwood City. This well-maintained property spans two adjacent parcels and features a highly desirable unit mix: eighteen (18) spacious 1-bedroom/1-bath units, one (1) 3-bedroom/2-bath unit with a private patio, and one efficient studio unit. The buildings offer a combined 11,600 square feet of rentable space on a 19,190-square-foot lot, with attractive amenities including a secured fenced-in pool, owned coin-operated laundry facilities, and twenty (20) on-site parking spaces (19 covered). Constructed in 1956 and thoughtfully updated over timeincluding a new Thermo Plastic Olefin (TPO) roof in 2017The Oak Court Apartments provide residents with comfortable living and convenient access to nearby essentials. Each unit is individually metered for gas and electricity, adding efficiency and flexibility for future management. With a strong in-place income of over $548,000 annually, a 5.50% current cap rate, and attractive rental upside potential, this turnkey asset is perfect for both seasoned investors and 1031 exchange buyers.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$6,250,000
Days On Site
62 Days
Bedrooms
N/A
Inside Area (SqFt)
11,600 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.4405 Acres
Year Built
1956
MLS® Number
ML82007546
Status
Pending
Property Tax
$68,969
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Other
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
3 weeks ago
Status changed to Pending
2 months ago
Listing first seen on site
General Features
Acres
0.4405
Carport
19
Parking Spaces
1
Special Circumstances
Standard
SqFt Total
11600
Water Source
Public
Zoning
R40000
Interior Features
Cooling
Heating
Wall Furnace
Save
Ask
Tour
Hide
Share
Exterior Features
Roof
Elastomeric
Community Features
MLS Area
699 - Not Defined
School District
Other
Schools
School District
Other
Elementary School
Roosevelt
Middle School
John F. Kennedy
High School
Woodside
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. The 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, the 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.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.