417 Harrison Avenue

Redwood City, CA 94062

$6,500,000
Price
Beds
15,958 Sq. Ft.
$407 / Sq. Ft.
15,958
Sq. Ft.
$407
per Sq. Ft.

Description

15-unit apartment complex located ~1/2 mile from Downtown & Caltrain w/ Current Cap Rate of 5.7%! ALL unit interiors are renovated (15 out of 15) with open floorplans, new kitchens, new flooring, updated bathrooms & private washer/ dryer in every unit. Marketing Package available upon request.15-unit apartment complex located ~1/2 mile from Downtown & Caltrain w/ Current Cap Rate of 5.7%! ALL unit interiors are renovated (15 out of 15) with open floorplans, new kitchens, new flooring, updated bathrooms & private washer/ dryer in every unit. Marketing Package available upon request.
  1. Listed by Mitchell Zurich • DRE #01870648 • Brokerage DRE #01240999 • Marcus & Millichap • 408-888-9594

Property Details for 417 Harrison Avenue

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
0
Parking Spaces
3

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648
Add your commute
LISTING UPDATED: 04/24/2024 02:37 PM

Property Details for 417 Harrison Avenue

StatusPending ( Do Not Show )
MLS #ML81952772
Days on Compass84
Taxes$70,005 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.24 AC / 10,400 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648
Add your commute

Building Information for 417 Harrison Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.24 AC / 10,400 SF

Payment Calculator

$41,307 per month

30 year fixed, 7.25% Interest

Principal and Interest

$35,473

Property Taxes

$5,834

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 417 Harrison Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 15958
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 16
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 15
  • Area Text: High School Acres Etc.
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 417
  • Street Name: Harrison
  • Street Suffix: Avenue
  • Area ID: 334
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 15958
  • Structure SqFt Source: Assessor
  • Age: 63
Development Information
  • Zoning Detail: R40000
Location Information
  • Parcel Number: 053-035-240
  • County Name: San Mateo
  • City Name: REDWOOD CITY
  • City Postal ID: 50
  • Postal Code: 94062
  • Elementary School District: 935
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .24
  • 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: 13
General Information
  • Annual Tax Amount: $70,005
  • Capitalization Rate: 5.71
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $15,000
  • Expense Landscape: $0
  • Expense Maintenance: $7,500
  • Expense Management: $0
  • Expense Trash: $15,197
  • Expenses Other: $167
  • Expenses Utility: $21,092
  • Expenses Total: $128,961
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities, Utilities - Water
  • Gross Rent Multiplier: 12.60
  • Income Annual Gross: $500,404
  • Income Annual Rental: $504,444
  • Income Gross Scheduled: $515,880
  • Income Other: $11,436
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Number of Bedrooms: 2

Property History for 417 Harrison 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 417 Harrison Avenue

Taxable ValueLand$2,040,000Additions$4,080,000Total$6,120,000
Tax Record2023$68,001 ($5,667 / month)
Home Facts
Baths2Total Finished SqFt15,958 SqFtAbove Grade Finished SqFt15,958 SqFtStories3Lot Size10,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningR40000CountySAN MATEOAPN053-035-240

Schools near 417 Harrison 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
Public - 3 to 8
Rating
School
Distance
Clifford Elementary School
PublicK to 8

John F. Kennedy Middle School
Public5 to 8

Sequoia High School
Public9 to 12

North Star Academy
Public3 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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Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648

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.