$9,300,000

616 Canyon Rd is an exceptional 24-unit apartment community located in thriving Redwood City, California. This podium-style building boasts superior construction quality, offering both modern design and long-lasting durability. Situated on a 16,422 square foot parcel of land, the subject property was originally constructed in 1963 and has a gross building area of approximately 20,832 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans with select units featuring private balconies. The subject property also offers tenants convenient amenities such as storage lockers, private garage parking and a shared on-site laundry facility. Additionally, the subject property has recently undergone significant capital improvements including fresh paint, SB721 compliance and façade upgrades. The subject property is situated one block from the prestigious Emerald Hills and is within close proximity from the lively Downtown Redwood City which offers tenants a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, U.S. Hwy-101, I-280, the San Mateo-Hayward Bridge and the Dumbarton Bridge offering an inexpensive, hassle free commute to major employment and entertainment centers.