1567 Regent Street, a trophy asset located in Redwood City, California. The subject property is situated on a 10,614 square foot (per county assessor) lot with approximately 14,459 square feet (per county assessor) of gross living space. The apartment building consists of eight (8) exceptionally large units, with eight (8) remote controlled garage spaces. The unit mix consists of one (1) three-bedroom/two-bathroom unit (2,200 square feet), one (1) two-bedroom/one-bathroom unit (1,000 square feet), and six (6) two-bedroom/two-bathroom units (1,022-1,759 square feet). All eight (8) garage doors have been replaced in 2018. The property also provides tenants with one (1) private three stop hydraulic elevator, two (2) on-site parking spaces, a laundry room with one (1) coin operated washer and dryer, and five (5) walk-in storage units. The investment appeal of this asset is driven by Redwood Citys strong employment fundamentals and low vacancy levels.
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Listing Courtesy ofMarcus & Millichap