127 Franklin St, Redwood City, CA 94063
2 Unit Apartment Building | $1,599,000 ($799,500/Unit) | Redwood City, CA 94063
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,599,000
- Sale Condition
- Deferred Maintenance
- Property Type
-
Multifamily
- Square Feet
- 2,199 SF
Listing Contacts
Kirk Trammell
Verified Profile
Joshua Johnson
Verified Profile
David Cutler
Verified Profile
- Property Info
Property Overview
127 Franklin Street measures approximately 2,199 square feet and is situated on a 7,500 square foot lot. Known as The Holmquist House, the structure was built circa 1895 as a four-bedroom residence. Since then, the property was converted to a duplex with two, two-bedroom units. The property is located within the Downtown Precise Plan Area in Redwood City and has a land use designation of Downtown General. This designation allows for a wide range of uses, including residential, office, and commercial. The existing improvements can be utilized in their current configuration, or the site could be redeveloped or converted to another permitted use.
Property Details
- Class
- C
- Year Built
- 1895
- Stories
- 2
- Property Subtype
- Office/Residential
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 2
Highlights
- Owner/user or value-add opportunity in downtown Redwood City
- Downtown Precise Plan allows a wide range of commercial and residential uses
- Potential for future redevelop with high-density residential, office, or mixed-use
- Site is surrounded by nearly 1,200 residential units, providing a captive audience for users
- Transit-oriented site that is less than one-quarter mile from the Redwood City Caltrain station
- OFFERS DUE 8/21
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