150 Harrison Ave

Located in Redwood City, California, 150 Harrison Ave presents a rare opportunity to acquire an asset in the Bay Area’s Mid-Peninsula, one of the strongest rental markets in the country. Redwood City is the third largest city in San Mateo county with approximately 86,000 residents and located between San Francisco Bay Area and Silicon Valley. Residents enjoy an average of 255 sunny days a year and is boasted by the city as the “Climate Best by Government Test”. Downtown Redwood City is also located within walking distance, offering a wonderful selection of shopping, dining and entertainment options including Century Theatres, the weekend Farmers Market, and more. Redwood City hosts many annual special events such as the Salsa Festival, Art on the Square, Shakespeare in the Park, and more all set in an attractive, pedestrian-friendly district.150 Harrison Ave is a stunning 22-unit apartment complex located in the thriving city of Redwood City, California. Situated on a 21,800 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 19,293 square feet. The subject property offers its tenants beautifully designed studio, one-bedroom, and two-bedroom floor plans. 150 Harrison Ave has recently seen capital improvements creating modern, spacious apartments that features remodeled kitchens, remodeled bathrooms, premium appliances, WiFi enabled lighting with Amazon's Alexa support, recessed LED lighting, dual pane windows, engineered wood floors, highly desirable finishes, and a private balcony. Nearby essential mass transit options offer direct access to all major Bay Area destinations. The Redwood City Caltrain Station, offering Baby Bullet services is within walking distance to the subject property and provides an inexpensive, hassle free commute to major employment and entertainment centers in San Francisco, the Peninsula, and the South Bay. SamsTrans, the area's bus service, provides quick access to Redwood City's diverse Courthouse Square. The subject property is also across the street from a Whole Foods, Sequoia Station Shopping Mall and the lively Downtown Redwood City, home to a myriad of high-end shopping, dining and entertainment options. Theatre District, Shops on Broadway, dining, shopping and music venues. In addition to excellent public transportation options, residents enjoy easy access to U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge and the Dumbarton Bridge. The investment appeal of this asset is driven by Redwood City's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 150 Harrison Ave presents an attractive choice for peninsula renters due to its close proximity to major employers, transportation corridors, shopping, and entertainment options.