Redwood City, CA 94063,50 Dumbarton Avenue
$3,550,000
Est. payment /mo
$3,688,000
3.7%
Est.Price: ?

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10,903 SqFt
SOLD DATE : 01/16/2025

Key Details

Sold Price $3,550,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 10,903 sqft

Price per Sqft $325

MLS Listing ID ML81984282

Sold Date 01/16/25

HOA Y/N No

Year Built 1962

Lot Size 7,700 Sqft

Acres 0.18

Property Sub-Type Other

Property Description

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.

Location

State CA

County San Mateo

Zoning R300

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Tile

Fireplace No

Laundry Coin Operated

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 054283230

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Bridge MLS
Listed by Kyle De Mattei • Magnify Real Estate
Bought with DavidKatz

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agent

Maya Hiersoux

+1(415) 971-3559

Agent | License ID: 01450016

Agent License ID: 01450016

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