131 Cerrito Avenue

Redwood City, CA 94061

$3,930,000
Last Sold Price
Beds
6,914 Sq. Ft.
$568 / Sq. Ft.
6,914
Sq. Ft.
$568
per Sq. Ft.

Description

Assumable financing available ($1.6 Million @ 4.16% through 2026) This (9) Unit multifamily apartment complex, consists of a great unit mix of (2) 2 bedroom, 1 bathroom (6) 1 bedroom, 1 bathroom and (1) Studio Unit. 131 Cerrito Ave is located less than three miles away from Downtown Redwood City and only three and a half miles from Stanford University. Along with Stanford University, this property is close to the Stanford Shopping Center. The owner has recently completed a sewer lateral replacement...Assumable financing available ($1.6 Million @ 4.16% through 2026) This (9) Unit multifamily apartment complex, consists of a great unit mix of (2) 2 bedroom, 1 bathroom (6) 1 bedroom, 1 bathroom and (1) Studio Unit. 131 Cerrito Ave is located less than three miles away from Downtown Redwood City and only three and a half miles from Stanford University. Along with Stanford University, this property is close to the Stanford Shopping Center. The owner has recently completed a sewer lateral replacement for the peace of mind of current tenants and potential buyers.

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: 408.772.8661

Property Details for 131 Cerrito Avenue

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
3
Parking Spaces
1

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

Sold By Compass, Simon Lo, DRE #01918505

Add your commute
LISTING UPDATED: 07/13/2023 01:04 PM

Property Details for 131 Cerrito Avenue

StatusSold
MLS #ML81924560
Days on Compass46
Taxes$44,965 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.22 AC / 9,438 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

Sold By Compass, Simon Lo, DRE #01918505

Add your commute

Virtual Tour

Building Information for 131 Cerrito Avenue

Stories-Residences-Year Built1960Building Size-Lot Size0.22 AC / 9,438 SF

Payment Calculator

$25,195 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,448

Property Taxes

$3,747

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 131 Cerrito Avenue

Features
External Links
Features
  • Fireplace: No
  • Living SqFt: 6914
  • Pool: No
  • Security Features: Secured Garage / Parking, Other
  • Special Features: Grab Bars
Utilities
  • Cooling: Ceiling Fan, Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Private
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Attached Garage, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 9
  • Area Text: Horgan Ranch Etc.
  • Restrictions: None
  • Roof: Flat / Low Pitch, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 131
  • Street Name: Cerrito
  • Street Suffix: Avenue
  • Area ID: 332
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6914
  • Structure SqFt Source: Assessor
  • Age: 63
Development Information
  • Zoning Detail: R-3
Location Information
  • Parcel Number: 069-262-210
  • County Name: San Mateo
  • City Name: REDWOOD CITY
  • City Postal ID: 50
  • Postal Code: 94061
  • Elementary School District: 935
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .22
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $44,965
  • Capitalization Rate: 4.62
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,318
  • Expense Landscape: $0
  • Expense Maintenance: $2,700
  • Expense Management: $0
  • Expense Trash: $4,527
  • Expenses Other: $14,206
  • Expenses Utility: $7,601
  • Expenses Total: $78,317
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 14.93
  • Income Annual Gross: $271,317
  • Income Annual Rental: $278,028
  • Income Gross Scheduled: $279,708
  • Income Other: $1,680
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,950
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,300
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $2,100
Unit Type 1
  • Unit Type1 Units Total: 2
Unit Type 2
  • Unit Type2 Units Total: 6
Unit Type 3
  • Unit Type3 Units Total: 1

Property History for 131 Cerrito Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 131 Cerrito Avenue

Taxable ValueLand$1,286,641Additions$2,701,948Total$3,988,589
Tax Record2023$53,872 ($4,489 / month)
Home Facts
Baths9Total Finished SqFt6,914 SqFtAbove Grade Finished SqFt6,914 SqFtStories2Lot Size9,438 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountySAN MATEOAPN069-262-210

Schools near 131 Cerrito Avenue

This home is within Redwood City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 5 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Henry Ford Elementary School
PublicK to 5

John F. Kennedy Middle School
Public5 to 8

Woodside High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.