3290 Rolison Road

Redwood City, CA 94063

$4,415,000
Last Sold Price
Beds
7,600 Sq. Ft.
$581 / Sq. Ft.
7,600
Sq. Ft.
$581
per Sq. Ft.

Description

BUY A PROVEN PERFORMER: TIRELESS CASH-COW - Low Vacancy, High Rental Demand, Consistent Rental Income 8 Townhouse-Style Apartment Home Units (All 3 BR / 1 BA on 2-Levels) Each Unit Offers Private Front Yard & Enclosed Garage Parking. Current Cap Rate: 4.66% / Pro-Forma Cap Rate: 5.2% Current GRM: 14.1 / Pro-Forma GRM: 13.1 Cost/SF: $592/SF Consistent Rental History with Low Tenant Turnover Excellent Unit Mix All 8 Units Offer Three (3) BR / One (1) BA Units Townhouse Style on 2-Levels Attractive...BUY A PROVEN PERFORMER: TIRELESS CASH-COW - Low Vacancy, High Rental Demand, Consistent Rental Income 8 Townhouse-Style Apartment Home Units (All 3 BR / 1 BA on 2-Levels) Each Unit Offers Private Front Yard & Enclosed Garage Parking. Current Cap Rate: 4.66% / Pro-Forma Cap Rate: 5.2% Current GRM: 14.1 / Pro-Forma GRM: 13.1 Cost/SF: $592/SF Consistent Rental History with Low Tenant Turnover Excellent Unit Mix All 8 Units Offer Three (3) BR / One (1) BA Units Townhouse Style on 2-Levels Attractive Assumable Loan From Provident CU 3 of 8 Units Receive Partial Housing Assistance, Providing Steady Rent Collection Supply-Constrained Core Mid-Peninsula Submarket Ideal Housing (3 BR + Private Yard + Enclosed Garages) for Working Families Easy Access to Highway 101, Marsh Rd, Woodside Rd, El Camino Real Proven Performer With Solid Cashflow & Value Appreciation Building SF: 7,600 SF / Lot Size: 10,000 SF / Cost Per SF: $592/SF
  1. Listed by Don Sung • DRE #01935797 • Brokerage DRE #00490878 • Colliers Parrish International • 650-380-5188

Property Details for 3290 Rolison Road

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
8
Parking Spaces
0

Location

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

Sold By Marcus & Millichap, Michael Henshaw, DRE #01134592; Intero Real Estate Services, Aaron Sandoval, DRE #02065316

Add your commute
LISTING UPDATED: 08/19/2022 12:30 PM

Property Details for 3290 Rolison Road

StatusSold
MLS #ML81890846
Days on Compass61
Taxes$56,998 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1962
Lot Size0.23 AC / 10,000 SF
CountySan Mateo County

Location

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

Sold By Marcus & Millichap, Michael Henshaw, DRE #01134592; Intero Real Estate Services, Aaron Sandoval, DRE #02065316

Add your commute

Building Information for 3290 Rolison Road

Stories-Residences-Year Built1962Building Size-Lot Size0.23 AC / 10,000 SF

Payment Calculator

$28,844 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,094

Property Taxes

$4,750

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3290 Rolison Road

Features
Features
  • Fireplace: No
  • Flooring: Laminate
  • Living SqFt: 7600
  • Pool: No
  • Security Features: Security Fence, Security Lights
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Detached Garage, Enclosed, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Dumbarton Etc.
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 3290
  • Street Name: Rolison
  • Street Suffix: Road
  • Area ID: 330
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 7600
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Ownership Type: Trust
  • Zoning Detail: R-3
Location Information
  • Parcel Number: 055-031-230
  • 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: .23
  • 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: $56,998
  • Capitalization Rate: 4.66
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,503
  • Expense Landscape: $1,200
  • Expense Maintenance: $4,800
  • Expense Management: $16,800
  • Expense Trash: $2,616
  • Expenses Other: $3,200
  • Expenses Utility: $8,820
  • Expenses Total: $100,937
  • Operating Expenses Include: Services - Gardener, Utilities - Electric, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 14.05
  • Income Annual Gross: $310,672
  • Income Annual Rental: $315,180
  • Income Gross Scheduled: $320,280
  • Income Other: $5,100
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,045
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 960
  • Unit Type1 Units Total: 8
Listing Info
Rental Info
  • Lease Type: Net

Property History for 3290 Rolison 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 3290 Rolison Road

Taxable ValueLand$3,000,000Additions$1,415,000Total$4,415,000
Tax Record2023$57,543 ($4,795 / month)
Home Facts
Baths8Total Finished SqFt7,600 SqFtAbove Grade Finished SqFt7,600 SqFtStories2Lot Size10,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountySAN MATEOAPN055-031-230

Schools near 3290 Rolison Road

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
Charter - K to 8
Rating
School
Distance
Taft Elementary School
PublicK to 5

John F. Kennedy Middle School
Public5 to 8

Sequoia High School
Public9 to 12

KIPP Excelencia Community Preparatory
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.

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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 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.