1110 Allerton ST, Redwood City, CA 94063

Property Description

A rare value-add opportunity in the heart of Redwood City, this well-located triplex sits just blocks from vibrant downtown and directly across from a park, offering an ideal blend of convenience and lifestyle appeal. Each of the three spacious units features 2 bedrooms, 1 full bathroom, a generous living area, and a dedicated dining space alongside a functional kitchen layout. Residents enjoy access to a shared community laundry room, while each unit includes garage space for parking and additional storage. The property offers desirable outdoor living options: the downstairs unit boasts a private backyard, perfect for entertaining or relaxing, while the two upstairs units each feature their own private balconies. This is a compelling Bay Area investment with strong upside potential. Unit 1 is vacant and ready for finishing touches, presenting an opportunity to achieve top-market rents. Units 2 and 3 are currently leased to long-term tenants, providing immediate income stability. With its unbeatable location and clear value-add potential, this triplex stands out as an exceptional investment in one of the Peninsula's most sought-after rental markets.