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Key Details
Sold Price $2,480,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81953441
Sold Date 06/13/24
HOA Y/N No
Year Built 1960
Annual Tax Amount $28,579
Lot Size 8,873 Sqft
Property Description
1502 Ebener Street in is a well maintained 6-unit apartment building with extra large units with spacious bedrooms located in highly desirable Redwood City, California. Situated on a 8,874 square-foot lot, the building has a gross building area of 7,238 square feet. The unit mix has four (4) 2-bedroom/1-Bathroom units at approximately 954 sqft, and two (2) 1-Bedroom/1-Bathroom units at approximately 768 sqft. Tenants benefit from having their own covered carport (7 total on-site), an on-site coin-operated laundry room, and each has their own individual storage locker. The downstairs units (2) have private patios, and the upstairs units (4) have large private decks. Individually metered for gas/electric, there is central forced air heating in four (4) of the units, with one (1) unit having electric baseboard heating. This is great opportunity to run a profitable investment property as it stands or create value by remodeling interiors to increase rents and/or potentially add ADU units as accomplished by the neighboring owner. Located in the Palm Park Neighborhood, Safeway, Whole Foods, Sequoia Station Shopping Center and Redwood Village Shopping Center are all located within a 5-minute drive of 1502 Ebener Street.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-4
Interior
Heating Central, Electric
Fireplace No
Exterior
Carport Spaces 7
Roof Type Composition,Shingle
Building
Water Public
Schools
Elementary Schools Hawes
High Schools Sequoia
School District Other
Others
Tax ID 059063320
Financing Cash
Special Listing Condition Standard
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Bought with Nate Gustavson • Compass