115 Cypress St | Redwood City, CA 94061
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- LoopNet Team
115 Cypress St
Redwood City, CA 94061
Cypress Place Apartments · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- Open House: 11am-1pm on Wednesday, September 22nd
- Core Silicon Valley Location - Close to Facebook and Box Headquarters, Menlo Park, and Atherton
- Patios/Balconies, Storage Lockers, Community Laundry Room, Gated Parking Area, Copper Plumbing, Dual Pane Windows
- CAP: 4.01% Current, 4.52% Proforma. GIM: 16.43 Current, 15.11 Proforma. 100% Occupancy & Collections, Rent Upside, 5.14% Current Cash on Cash Return
- Over $370,000 In Recent Capital Improvements - Eight Units Fully Renovated, New Roof and Gutters, Modern Electrical Panels, Paint, Security Gate, and
- Fourteen Exceptionally Large Units- 6 One-Bed/One-Bath Units, And 8 Two-Bed/One-Bath Units
PROPERTY FACTS
| No. Units | 14 | Building Size | 15,340 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2020 |
| Building Class | C | Parking Ratio | 0.91/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | R4 - Residential | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 15,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2020 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R4 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Deck
- Double Pane Windows
- Family Room
- Freezer
- Patio
- Porch
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Gated
- Recycling
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $2,250 | 700 |
| 2+1 | 8 | $2,695 | 900 |
PROPERTY TAXES
| Parcel Number | 053-322-150 | Improvements Assessment | $2,971,382 |
| Land Assessment | $3,714,228 | Total Assessment | $6,685,610 |
PROPERTY TAXES
Parcel Number
053-322-150
Land Assessment
$3,714,228
Improvements Assessment
$2,971,382
Total Assessment
$6,685,610
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