Under contract
Contingent
50 Dumbarton AVE
REDWOOD CITY CA, 94063
$3,688,000
$338.26 per sqft
Under contract
Contingent
10,903 sqft
Multi-family
Built in 1962
Listed by Magnify Real Estate, Kyle De Mattei, David Katz Listing Contact: 4083343226
We are pleased to present the opportunity to acquire 50 Dumbarton Ave, a meticulously maintained property with 10 units. This property has benefited from over 30 years of dedicated ownership, ensuring its excellent condition. Built in 1962, the building spans 10,903 square feet per county record on a 7,700 square foot corner parcel. The unit mix includes 8 two-bedroom/one-bathroom units and 2 studios, offering a versatile living arrangement. The building has copper plumbing and recent capital improvements include a new sewer line, dual pane windows and a new central water heater. Interior upgrades include LVP floors, granite countertops, bathroom vanities and shower surrounds. The property has strong cash flow with 20%+ upside in rents. The property is ideally located close to El Camino Real, providing easy access to transportation and major highways. It is conveniently near Downtown Redwood City, Elco Yards, Downtown Menlo Park, Stanford Shopping Mall, and Stanford University. Additionally, it is in proximity to major corporate headquarters such as Facebook, Google, and Oracle, among many others.
ML81984282
MLSⓇ ID
October 18, 2024
Listed
November 22, 2024
Updated
Map
50 Dumbarton AVE
REDWOOD CITY CA, 94063
Interior Features
Interior Features
Tile
Floor Description
Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.18 Acres
Sewer
Public Sewer
School Information
School District
Redwood City Elementary
Other Property Details
Area Name
Dumbarton Etc.
Garage
No
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
R300S5
Listing History
Date | Event | Price |
---|---|---|
11/5/2024 | Under contract | — |
Listed by Magnify Real Estate, Kyle De Mattei, David Katz
Listing Contact: 4083343226
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wendy Leung | CA DRE# 02223900 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 4:50 AM UTC, 11/22/2024