1450-1480 Hess RD, Redwood City, CA 94061
- $8,500,000
- 18,557
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
- List Price
- $8,500,000
- MLS#
- ML82059841
- Status
- ACTIVE
- Sqft. of Residence
- 18,557
- Lot Size
- 22,241
- Listing Area
- Central Park Etc.
- Year Built
- 1957
Property Description
14501480 Hess Road is a well-located 22-unit apartment community situated on two (2) parcels in Redwood Citys desirable Palm Park neighborhood. Offered at $8,500,000, the property consists of 22-units across approximately 18,557 square feet of building area on a 22,241-square-foot lot. The unit mix includes seventeen (17) 1-bedroom/1-bath units and five (5) 2-bedroom/1-bath units. --- The property offers an attractive combination of unit mix, parking, storage and tenant amenities, including four (4) enclosed garages, seventeen (17) carports, two (2) on-site laundry rooms with owned coin-operated machines, tenant storage, and a large owner workshop/storage room. Electric and gas are individually metered, and the property has Siemens circuit-breaker sub-panels and service equipment panels. SB-721 documentation, contractor report and pest report have been completed and are on file. --- The property generates approximately $670,620 in scheduled gross annual income, with a pro forma NOI of approximately $391,600, a 4.61% cap rate and 12.67 current GRM at the $8,500,000 asking price. Conveniently located near El Camino Real, shopping, dining, downtown Redwood City and major Peninsula employment centers, with access to Caltrain, Highway 101 and I-280.
/u.realgeeks.media/omargalindo/header3.png)
Additional Information
- Acres
- 0.51
- Cooling System
- Ceiling Fan
- Floor Covering
- Carpet, Laminate, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Attached Garage, Covered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 18,557
- Lot Size
- 22,241
- Neighborhood
- Central Park Etc.
- Other Rooms
- Storage, Other
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public, Sewer Available, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- Commercial 5+ Multifamily
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2026 MLSListings Inc. All rights reserved