$3,400,000
$3,600,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 02/12/2025
Key Details
Sold Price $3,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81983012
Sold Date 02/12/25
HOA Y/N No
Year Built 1979
Annual Tax Amount $42,100
Lot Size 0.390 Acres
Property Description
Jimmy Castellanos and AJ DeCristoforo are pleased to present 238 Poplar Avenue, a standout investment opportunity in Redwood City, CA. This multifamily property consists of seven expansive 2-bedroom, 2-bathroom units, highly desirable for renters seeking space and comfort. Each unit averages in size roughly 1,000 square of living space, while the property's three-parcel layout includes 14 parking spaces. In a city where the median single-family home price is $1.8 million, according to Redfin, this multifamily asset presents an exceptional value proposition to acquire seven residential units for below $550,000 per unit.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R40000
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 14
Roof Type Composition
Building
Water Public
Schools
Elementary Schools Other
Middle Schools John F. Kennedy
High Schools Woodside
School District Other
Others
Tax ID 053282380
Financing Cash
Special Listing Condition Standard
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Bought with Rob Chiang • Robert Chiang Real Estate ServicesIncorporated
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "