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131 CERRITO Ave, Redwood City, CA 94061
131 CERRITO Ave, Redwood City, CA 94061
131 CERRITO Ave, Redwood City, CA 94061
131 CERRITO Ave, Redwood City, CA 94061
131 CERRITO Ave, Redwood City, CA 94061
131 CERRITO Ave, Redwood City, CA 94061
Listing courtesy of: Keith Suddjian, Cornish & Carey Commercial
For Sale (MLS-listed)
$1,595,000

131 CERRITO Ave Redwood City, CA 94061

Beds: -
Baths: -
Sq. Ft.: -
Lot Size: 9,438 Sq. Ft.
Stories:2
Year Built: 1960
Community: Horgan Ranch
County: San Mateo
MLS#: 80951064
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 27 days
Attractive 9 Unit Apt. Bldg. located in one of Redwood City's finest rental locations. Unit mix of (2) 2 Bedroom 1 Bath, (6) 1 Bedroom 1 Bath and (1) Studio 1 Bath. Highly desirable westside location nr. single family homes. 3 garages w/ auto gar door openers. Poss. +-$847K Assumable Loan-not guaranteed. Double pane windows. Improvements since +-2000 include remodeled kitchens and baths in all units.

Laundry Information

  • Coin-Operated Washer/Dryer (Owned)
  • Common Utility Room

Utility Information

  • City/Public Water
  • Sewer in and Connected
  • Individual Electric Meter
  • Individual Gas Meter
  • Master Water Meter

Property Features

  • Diswasher (All Units)
  • Disposal (All Units)
  • Microwave (All Units)
  • Oven/Range (All Units)
  • Refrigerator (All Units)
  • Storage Locker

Location Information

  • Cross Street: Woodside Road
  • City Limits: City Limits

Financial Information

  • Tax Amount: $20,730
  • Gross Rent Multiplier: 12.39
  • Laundry Income: $1,454
  • Rental Income: $126,600
  • Other Income: $692
  • Net Income: $78,101
  • Gross Scheduled Income: $128,746
  • Gross Annual Income: $122,309
  • Gross Annual Income Includes: Laundry
  • Gross Annual Income Includes: Rents
  • Gross Annual Income Includes: Other
  • Capitalization Rate: 4.8970000000
  • Financial Information Source: Property Manager

Listing Information

  • AVM: Allow AVM
  • Commenting: Allow Commenting

Flooring Information

  • Wall-to-Wall Carpeting
  • Linoleum/Vinyl

Building Information

  • # of Units (Total): 9
  • Insulation Unknown
  • Other Foundation
  • Concrete Perimeter Foundation
  • Shingle Roof
  • Composition Roof

Multi-Family Information

  • 1 Bedroom Unit(s)
  • 2 Bedroom Unit(s)
  • Studio Unit(s)
  • # of Studio Units: 1
  • Min Rent for a Studio Unit: $900
  • Max Rent for a Studio Unit: $900
  • # of 1 Bed 1 Bath Units: 6
  • Min Rent for a 1 Bed 1 Bath Unit: $1,000
  • Max Rent for a 1 Bed 1 Bath Unit: $1,275
  • # of 2 Bed 1 Bath Units: 2
  • Min Rent for a 2 Bed 1 Bath Unit: $1,375
  • Max Rent for a 2 Bed 1 Bath Unit: $1,600
  • Vacancy Factor: 5
  • Vacancy Amount: 6437
  • Existing Rental Terms: Month-to-Month Rental(s)
  • Existing Rental Terms: Lease(s) Less than 1 Year

Property Information

  • # of Buildings: 1
  • Zoning: R-3

Expense Information

  • Garbage
  • Gardener
  • Gas
  • Insurance
  • Janitorial Services
  • License Fees
  • Maintenance and Repairs
  • Property Management Co.
  • Property Tax
  • Sewer
  • Supplies
  • Vacancy Factor
  • Water
  • Electric
  • Other (See Remarks)
  • Garbage: $1,458
  • Insurance: $2,546
  • Landscape: $1,935
  • Maintenance: $5,754
  • Management: $6,163
  • Miscellaneous: $440
  • Utility: $3,336
  • Water/Sewer: $1,846
  • Total: $44,208
  • Owner Pays Electric
  • Owner Pays Garbage
  • Owner Pays Gardener
  • Owner Pays Gas
  • Owner Pays Hot Water
  • Owner Pays Water
  • Tenant Pays Gas
  • Tenant Pays Heating
  • Tenant Pays Electric

Heating & Cooling

  • Wall Furnace
  • Gas Heat

Parking Information

  • Private Garage
  • Uncovered
  • Carport(s)

Lot Information

  • Parcel Number: 069-262-210

Community Information

  • 5-12 Units
  • Common Patio

School Information

  • Elementary District: Redwood City Elementary
  • High School District: Sequoia Union High

Listing last changed

November 12, 2009, 4:06 PM

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Property History for 131 CERRITO Ave

Date Event Price Appreciation Source
Oct 28, 2009 Listed $1,595,000 -- MLSListings #80951064
Jun 05, 2007 Sold (Public Records) $1,675,000 -- Public Records

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Public Facts for 131 CERRITO Ave

Beds: 11
Baths: 9.0
Finished Sqft: 6914
Unfinished Sqft: -
Total Sqft: 6914
Floors: 2
Lot Size: 9,438
Style: Multi-Family (2-4 Unit)
Year Built: 1960
Year Renovated: -
County: San Mateo County
APN: 069262210
Last Updated: November 18, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $638,805
Additions $1,103,864
Total $1,742,669
Tax (2008) $21,908

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