SOLD 03/06/2024
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Commercial sold for $1,750,000 in 87 days
62 Winslow St Redwood City, CA, 94063
Off the market Other
62 Winslow Street offers an investor a unique opportunity to acquire a well-maintained property strategically positioned near the heart of booming downtown Redwood City. The building sits on a 4,500 SF Lot with 3,686 SF of rentable space. The complex benefits from an attractive unit mix of (1) Two-Bedroom/ One-Bath Unit and (4) One-Bedroom / One Bath Units. The 2-bedroom unit and one of the 1-bedroom units was recently extensively renovated. The property has dual pane windows throughout the entire building and an onsite Laundry Facility. Strong in-place rents providing day-one Cap Rate of 5.69%. All tenants enjoy a large common area patio space that offers a new owner add-value opportunity with enhanced amenities. Tenants also benefit from 5 private garage spaces. 62 Winslow is in a fantastic location only a short walk from all the attractive amenities of downtown Redwood City.
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Property details
3,686 sqft interior area
Land area
4,500 sqft (0.10 acres)
Address
62 Winslow St, Redwood City, CA, 94063
City of California
Redwood City
County
San Mateo
Year Built
1957
District
Listing
Nearby major retailers
Costco
CVS Pharmacy
Pet Food Express
See's Candies
Supercuts
Trader Joe's
GNC
Zumiez
GameStop
Apple Store
Ross
7-Eleven
Dollar Tree
AT&T
MetroPCS
Verizon Wireless
Petco
Kohl's
Ace Hardware
Tiffany & Company
Public Storage
99cent Store & Over
T-Mobile
Chevron
Neiman Marcus
Macy's
The Home Depot
Nordstrom
Safeway
NAPA Auto Parts
Marshalls
Jiffy Lube
Kmart
Lexus
AutoZone
Whole Foods Market
O'Reilly Auto Parts
Bloomingdale's
Rite Aid
Staples
Wholesale: 1
Chemist: 4
Pet: 5
Confectionery: 2
Hairdresser: 2
Supermarket: 9
Nutrition supplements: 3
Clothes: 1
Video games: 4
Electronics: 2
Department store: 12
Convenience: 7
Variety store: 3
Mobile phone: 9
Do it yourself: 4
Jewelry: 1
Storage rental: 19
Car repair: 2
Car: 1
Car parts: 2
Stationery: 1
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Interior Features
—
Roof
Shingle
Garage & Parking
Attached
Listed by
Matthew Thomson, Newmark Cornish & Carey
Name
Matthew Thomson
License number
01471708
Brokerage company
Newmark Cornish & Carey
MLS #
ML81949532
Buyer agent
Name
Larry Aikins
Brokerage company
Terrace Associates
Payment calculator
Calculate your monthly payments
Mortgage
$5,373
Taxes
$0
HOA dues
$0
Mortgage
$350,000 / 20%
2.28%
30 years
Your amount
$5,373 / month
Lot details
TMK #052262130
Parcel nr.
052262130
94063 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94063
47%
Families with children
National average: 39%
31%
Non family households
220,961
Population
$227,496
Average Income
Age & gender
Median age 40 years
More info
Commute types
80% commute by car
More info
Education level
28% have bachelor education
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Number of employees
3% work in management
More info
Vehicles available
43% have 2 vehicle
More info
Vehicles by gender
43% have 2 vehicle
More info
Housing market insights for
$2.26m
Neighborhood average
sales price*
sales price*
$2m
Neighborhood median
sales price*
sales price*
353
Number
of sales*
of sales*
Housing type
62% are single detacheds
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Rooms
32% of the houses have 4 or 5 rooms
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Bedrooms
57% have 2 or 3 bedrooms
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Owners vs Renters
62% are owners
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12 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Mar 6, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 6, 2024 | Sold | $1,750,000 | 0 | Public Record |
| Mar 6, 2024 | Price Decrease | $1,750,000 -2.78% | 0 | MLS #ML81949532 |
| Jan 8, 2024 | Pending | $1,800,000 | 0 | MLS #ML81949532 |
| Dec 11, 2023 | New Listing | $1,800,000 +291.3% | 0 | MLS #ML81949532 |
| Sep 18, 1998 | Sold | $460,000 | 0 | Public Record |
| Sep 18, 1998 | Price Decrease | $460,000 -3.56% | 0 | MLS #ML89823117 |
| Aug 26, 1998 | Under contract | $477,000 | 0 | MLS #ML89823117 |
| Jun 3, 1998 | New Listing | $477,000 | 0 | MLS #ML89823117 |
Taxes of 62 Winslow St, Redwood City, CA, 94063
Mult zoning / MLS #ML81949532
Zoning
Mult
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Frequently Asked Questions about 62 Winslow St
What is 62 Winslow St?
62 Winslow St is a Commercial/Industrial propertywith 3,686 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
62 Winslow St, Redwood City, CA, 94063.
What comparable properties are nearby?
Comparable nearby commercial properties include 1741 Broadway St, 48 Laurel St, 1502 Ebener St, 507 Woodside Rd, 1216 El Camino Real, 1239 Laurel St.
Based on information from the bridgeMLS as of 05-10-2024. 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.
Listing last updated on: Mar 07, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Indian Grocery and Spices, 0.41 miles away and Safeway, 0.58 miles away.
The 94063 zip area has a population of 220,961, and 47% of the families have children. The median age is 40.19 years and 80% commute by car. The most popular housing type is "single detached" and 62% is owner.
