This rare Redwood City 6-Unit apartment building in the coveted Redwood Oaks neighborhood could be the perfect investment with upside for discerning buyers.

35 Atherwood Avenue, which consists of one 2BD/1BA and five 1BD/1BA units, will be delivered with four of the six units rented at close, and two units (both 1BD/1BAs) vacant and ready for the next owners to obtain market-rate rents.

Per the public tax records, the property measures 5,017 Sq Ft on the interior, and is nicely situated on a 6,955 Sq Ft lot with ample parking onsite and a coin-op laundry facility.

Held by long-term family owners for many years, the building has a projected gross annual income in the $144,000 range with a current CAP rate in the 5.5% range with upside for the next owners.

Located close to top-rated local schools, parks, shopping, dining, markets and easy access to major Silicon Valley employers, 35 Atherwood should provide an attractive tenant offering and investment for years to come.

Don't miss the opportunity to add this unique opportunity to your portfolio!

Location Information:

Located in the thriving Redwood Oaks neighborhood of Redwood, 35 Atherwood Avenue is ideally situated in a high-demand residential area known for its accessibility, amenities and strong community feel. 

Located about two miles south of downtown Redwood City, Redwood Oaks features a diverse mix of retail shopping, dining and services in the area, while the attractive tree-lined streets and variety of homes add to its visual appeal, making it a pleasant place to live, walk and bike in.

The property is within walking distance of highly-rated schools such as Henry Ford, Elementary, John F. Kennedy Middle School, and Woodside High School. The neighborhood also boasts two parks, Fleishman Park and Linden Park, both providing exceptional recreational spaces for residents.

Public transportation options are readily available, and major freeways close by provide easy access to major local employers, Silicon Valley and San Francisco.

Redwood City is experiencing significant growth, driven by its strategic location within Silicon Valley and its appeal to both families and young professionals. The city offers a vibrant downtown area, a wide array of dining and shopping options, and numerous cultural and community events, all of which make it an attractive location for residents.