2483 Middlefield Road

Redwood City, CA 94063

$4,990,000
Last Sold Price
Beds
13,302 Sq. Ft.
$375 / Sq. Ft.
13,302
Sq. Ft.
$375
per Sq. Ft.

Description

2483 Middlefield Road, a well located 15-unit apartment community in thriving Redwood City, California. Situated on 0.25 Acre parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 13,302 square feet. The unit mix consists of all one-bedroom one-bathroom floorplans. Tenants have access to such amenities as covered parking and on-site laundry facilities. Located in Redwood City, California, 2483 Middlefield Road presents an uncommon opportunity...2483 Middlefield Road, a well located 15-unit apartment community in thriving Redwood City, California. Situated on 0.25 Acre parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 13,302 square feet. The unit mix consists of all one-bedroom one-bathroom floorplans. Tenants have access to such amenities as covered parking and on-site laundry facilities. Located in Redwood City, California, 2483 Middlefield Road presents an uncommon opportunity to acquire a significant amount of units in one of the strongest rental markets in the Bay Area and the country. The property is located on the main commercial corridor of Middlefield Road with dozens of local restaurants and shops within a three block radius. Boasting a walk score of 87, tenants can easily accomplish their daily errands on foot.

Listing Agent

  1. Vicky Costantini

    Vicky Costantini

    Alternative Listing Agent

    Compass

    DRE #01498092

Property Details for 2483 Middlefield Road

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Compass, Vicky Costantini, DRE #01498092; Marcus & Millichap, Robert Johnston, DRE #01853816

Sold By Marcus & Millichap, Marshall Ward, DRE #01919391

Add your commute
LISTING UPDATED: 06/29/2020 09:54 PM

Property Details for 2483 Middlefield Road

StatusSold
MLS #ML81772688
Days on Compass195
Taxes$74,679 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size0.25 AC / 10,890 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Vicky Costantini, DRE #01498092; Marcus & Millichap, Robert Johnston, DRE #01853816

Sold By Marcus & Millichap, Marshall Ward, DRE #01919391

Add your commute

Building Information for 2483 Middlefield Road

Stories-Residences-Year Built1964Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$33,456 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,232

Property Taxes

$6,223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2483 Middlefield Road

Features
Features
  • Fireplace: No
  • Living SqFt: 13302
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 15
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Amenities: None
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 15
  • Area Text: Dumbarton Etc.
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2483
  • Street Name: Middlefield
  • Street Suffix: Road
  • Area ID: 330
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 13302
  • Structure SqFt Source: Assessor
  • Age: 55
Development Information
  • Zoning Detail: MUN
Location Information
  • Parcel Number: 054-091-410
  • 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
  • Lot Acres: .25
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 15
General Information
  • Annual Tax Amount: $74,679
  • Capitalization Rate: 3.15
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $5,619
  • Expense Landscape: $3,600
  • Expense Maintenance: $7,500
  • Expense Management: $10,585
  • Expense Trash: $6,873
  • Expenses Other: $9,270
  • Expenses Utility: $15,880
  • Expenses Total: $134,006
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 18.13
  • Income Annual Gross: $311,700
  • Income Annual Rental: $309,000
  • Income Gross Scheduled: $311,700
  • Income Other: $2,700
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1

Property History for 2483 Middlefield Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2483 Middlefield Road

Taxable ValueLand$2,407,197Additions$2,838,181Total$5,245,378
Tax Record2023$74,132 ($6,178 / month)
Home Facts
Baths2Total Finished SqFt13,302 SqFtAbove Grade Finished SqFt13,302 SqFtStories3Lot Size10,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountySAN MATEOAPN054-091-410

Schools near 2483 Middlefield Road

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 - K to 8
Rating
School
Distance
Hoover Elementary School
PublicK to 8

John F. Kennedy Middle School
Public5 to 8

Sequoia High School
Public9 to 12

Connect Community Charter
CharterK to 8

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, Vicky Costantini, DRE #01498092; Marcus & Millichap, Robert Johnston, DRE #01853816

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.