232 Berkshire Avenue
232 Berkshire Avenue
$1,280,000
—
2,250
2,250
$569
Sold 5/5/23
Description
First Time on Market in 40+ Years! Best Value 4-Unit Property in Redwood City: 3.18% CAP on Current Rents & 5.0% CAP on Market Rents! Individually-Addressed Apt. Units: 232-234 Berkshire-Two (2) 1 BR/1 BA Units, 215-217 First Ave-Two (2) 1 BR/1 BA + Extra Bedroom/Den. 10 Total Parking Spaces. 2 Convenient Pull-Up Parking Spaces Per Unit. 2 APN's Offer Future Development Potential: 054-206-030 is Vacant Land (Used as Tenant Yard), 054-206-040 Offers 4 Easy-to-Rent Units w/ Immediate Cashflow. Current...First Time on Market in 40+ Years! Best Value 4-Unit Property in Redwood City: 3.18% CAP on Current Rents & 5.0% CAP on Market Rents! Individually-Addressed Apt. Units: 232-234 Berkshire-Two (2) 1 BR/1 BA Units, 215-217 First Ave-Two (2) 1 BR/1 BA + Extra Bedroom/Den. 10 Total Parking Spaces. 2 Convenient Pull-Up Parking Spaces Per Unit. 2 APN's Offer Future Development Potential: 054-206-030 is Vacant Land (Used as Tenant Yard), 054-206-040 Offers 4 Easy-to-Rent Units w/ Immediate Cashflow. Current CAP Rate: 3.18%/GRM: 16.2. Pro-Forma CAP Rate: 5.0%/GRM: 12.3. Cost/SF: $578/SF. Separate Meters: Tenants Pay PG&E / Owner Pays: Water/Garbage. Functional Floorplans & Good Parking Access: Easy to Rent and Straightforward, Headache-Free Management. Strong Historical Tenancy. 234 Berkshire-Section 8 Housing: $1,282/Tenant: $223. Convenient Location Near Middlefield Rd, ECR, Woodside Rd/84, 101, 280. Proven Cash Cow Offering Good Hedge Against Inflation. Make Appt. w/ Agent Before Tour.
- Listed by Don Sung • DRE #01935797 • Colliers Parrish International • 650-380-5188
Property Details for 232 Berkshire Avenue
MLS City Name
REDWOOD CITY
Building TypeFOURPLEX
Garage Spaces0
Parking Spaces10
Cross StreetCalvin Ave
Location
LISTING UPDATED: 05/08/2023 12:59 AM
Property Details for 232 Berkshire Avenue
Status | Sold |
---|---|
MLS # | ML81923005 |
Days on Compass | 8 |
Taxes | $19,938 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | RESIDENTIAL INCOME / Fourplex |
Year Built | 1951 |
Lot Size | 0.06 AC / 2,500 SF |
County | San Mateo County |
Location
Building Information for 232 Berkshire Avenue
Stories2Residences4Year Built1951Building Size-Lot Size0.06 AC / 2,500 SF
Payment Calculator
$8,647 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 232 Berkshire Avenue
Property History for 232 Berkshire Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 232 Berkshire Avenue
Taxable ValueLand$16,646Additions-Total$16,646
Tax Record2023$289 ($24 / month)
Home Facts
Lot Size2,500 SqFtStyleMulti-Family Dwelling (2-4)ZoningR300S5CountySAN MATEOAPN054-206-030
Schools near 232 Berkshire Avenue
This home is within Redwood City Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Garfield Elementary School PublicK to 8 | ||
John F. Kennedy Middle School Public5 to 8 | ||
Woodside High School Public9 to 12 | ||
Everest Public High Charter9 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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.