Just Closed: Parkside Apartments

LA JOLLA, CA, June 10, 2024 – Legacy West Partners is proud to announce the acquisition of Parkside Apartments, an 18-unit, approximately 19,000 sqft. multi-family property in Redwood City, CA. Redwood City is situated in the affluent Bay Area within San Mateo County, nestled between the San Carlos and Atherton neighborhoods. This property is strategically located between two of the nation’s most expensive large metro areas, San Francisco and San Jose. With proximity to major tech campuses such as Box, Oracle, EA, Google, Facebook, and the prestigious Stanford University, Redwood City has demonstrated consistent and stable rental growth, even during the work-from-home/COVID period that affected neighboring markets.

Due to a decline in transaction volume and available inventory within the current economic climate, our partners have actively sought new opportunities in diverse markets. Through our strong relationships with top Bay Area brokers, we had the exceptional opportunity to acquire this property off-market requiring an ALL CASH in less than 30 days transaction. As we continue to build and strengthen relationships through this new venture, we will be able to present similar larger offerings our team discovers to our Investor Network.

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