Home | San Mateo County | Redwood City | 94061 | 1450-1480 Hess Rd
1450-1480 Hess Rd, Redwood City, CA 94061
MLS: ML82059841 | Status: | Price: $8,500,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Acres Lot |
Yr Built |
| – |
– |
18,557 |
0.511 |
1957 |
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.
| Field |
Value |
| MLS # |
ML82059841 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
3 |
Features
Interior Features
| Feature |
Details |
| Flooring |
Carpet, Laminate, Vinyl/Linoleum |
| Laundry |
Coin Operated |
| Cooling |
Ceiling Fan |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Composition, Shingle |
| Foundation |
Concrete Perimeter and Slab |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Attached Garage, Covered Parking, Garage: 4 Car(s) |
| Elementary District |
Redwood City Elementary |
| High School District |
Sequoia Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
Commercial 5+ Multifamily |
| Listing Agent |
Co-Listing Agent |
| Nate Gustavson |
Cameron Foster |
| Compass |
|
| License #: 01898316 |
License #: 00972394 |
| Phone: (415) 786-9410 |
Phone: (415) 699-6168 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 4 |
22 |
22 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
788 |
2 |
1/0 |
$2,400 |
$3,400 |
5 |
| 2 |
591 |
1 |
1/0 |
$2,155 |
$2,397 |
17 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
©2026 MLSListings Inc. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of September 02, 2026. For the most current information, please contact Nate Gustavson, (415) 786-9410.