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$ 2,890,000
Est. payment /mo
Open Wed 12PM-1PM
517 Vera AVE Redwood City, CA 94061
6,978 Sqft Lot
Open House
Wed Sep 10, 12:00pm - 1:00pm
Fri Sep 12, 12:00pm - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82020310
HOA Y/N No
Year Built 1964
Annual Tax Amount $31,891
Lot Size 6,978 Sqft
Property Description
Marcus & Millichap is excited to present 517 Vera Ave, a boutique 6-unit multifamily community in Redwood City, one of the Bay Areas most dynamic submarkets. Five of the six apartment homes have been meticulously renovated, blending modern design with functional layouts and luxury-inspired finishes. Current average rents of $2,810 per month provide durable in-place income with a projected 10% rental upside. Two ground-floor units feature private patios or expansive backyards, while four upper-level units enjoy spacious balconies, enhancing tenant appeal. The property is within walking distance of Caltrain, offering unmatched regional access for Peninsula commuters.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-4
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 6
Roof Type Composition,Shingle
Building
Water Public
Schools
Elementary Schools Roosevelt
Middle Schools John F. Kennedy
High Schools Sequoia
School District Other
Others
Tax ID 053081160
Special Listing Condition Standard
Listed by Jimmy Castellanos Marcus & Millichap