232 Berkshire Avenue

Redwood City, CA 94063

$1,280,000
Last Sold Price
Beds
2,250 Sq. Ft.
$569 / Sq. Ft.
2,250
Sq. Ft.
$569
per Sq. Ft.

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.
  1. Listed by Don Sung • DRE #01935797 • Colliers Parrish International • 650-380-5188

Property Details for 232 Berkshire Avenue

MLS City Name
REDWOOD CITY
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
10
Cross Street
Calvin Ave

Location

Listing Courtesy of Colliers Parrish International, Don Sung, DRE #01935797

Sold By Out of Area Office, RECIP, DRE #00000000

Add your commute
LISTING UPDATED: 05/08/2023 12:59 AM

Property Details for 232 Berkshire Avenue

StatusSold
MLS #ML81923005
Days on Compass8
Taxes$19,938 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1951
Lot Size0.06 AC / 2,500 SF
CountySan Mateo County

Location

Listing Courtesy of Colliers Parrish International, Don Sung, DRE #01935797

Sold By Out of Area Office, RECIP, DRE #00000000

Add your commute

Building Information for 232 Berkshire Avenue

Stories2Residences4Year Built1951Building Size-Lot Size0.06 AC / 2,500 SF

Payment Calculator

$8,647 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,985

Property Taxes

$1,662

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 232 Berkshire Avenue

Features
Room Information
  • Additional Rooms: Office Area, Other
  • Kitchen: Countertop - Formica, Countertop - Granite, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Living SqFt: 2250
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: Ceiling Fan
  • Heating: Gas, Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 10
Garage
  • Garage and Parking: Common Parking Area, Parking Area, Tandem Parking, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Dumbarton Etc.
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Other
  • Street Number: 232
  • Street Name: Berkshire
  • Street Suffix: Avenue
  • Area ID: 330
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2250
  • Structure SqFt Source: Other
  • Age: 72
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R300S5
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 054-206-040
  • County Name: San Mateo
  • City Name: REDWOOD CITY
  • City Postal ID: 50
  • Postal Code: 94063
  • Elementary School District: 935
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Perimeter, Crawl Space
  • Horse Property: No
  • Lot Acres: .06
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
General Information
  • Annual Tax Amount: $19,938
  • Building Unit Total: 4
  • Capitalization Rate: 3.18
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: None
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,000
  • Expense Landscape: $1,200
  • Expense Maintenance: $1,600
  • Expense Management: $1,200
  • Expense Trash: $1,007
  • Expenses Other: $4,820
  • Expenses Utility: $4,871
  • Expenses Total: $36,636
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 16.18
  • Income Annual Gross: $77,930
  • Income Annual Rental: $80,340
  • Income Gross Scheduled: $80,340
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,550
Unit 2 Information
  • Unit 2 Approx Square Footage: 525
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,505
Unit 3 Information
  • Unit 3 Approx Square Footage: 600
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,820
Unit 4 Information
  • Unit 4 Approx Square Footage: 600
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,820
Unit Type 1
  • Unit Type1 Approx SqFt: 525

Property History for 232 Berkshire 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 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

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Listing Courtesy of Colliers Parrish International, Don Sung, DRE #01935797

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.