486 Beech ST, Redwood City, CA 94063
- $5,000,000
- 13,582
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
Sold listing courtesy of Joel Hopman from NEWCC
- Sold Price
- $5,000,000
- List Price
- $5,000,000
- Closing Date
- Jan 28, 2026
- MLS#
- ML82026575
- Status
- SOLD
- Sqft. of Residence
- 13,582
- Lot Size
- 8,811
- Listing Area
- Lenolt Etc.
- Year Built
- 1962
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
- Acres
- 0.20
- Age
- 63
- Cooling System
- None
- Floor Covering
- Carpet, Laminate, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Carport, Covered Parking
- Heating System
- Electric, Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 13,582
- Lot Description
- Grade - Level, Regular
- Lot Size
- 8,811
- Neighborhood
- Lenolt Etc.
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Bitumen, Flat / Low Pitch
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- R-3
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