530 Roosevelt Avenue

RARE DEVELOPMENT OPPORTUNITY IN REDWOOD CITY! Incredible investor, builder, or multi-generational compound potential. This property features a charming existing main home of 3 beds 2 baths on a large lot. Entitlements are complete with Planning and Tentative Condominium Map approved for new construction of a 3-story, 4 unit building at the large rear yard.  Project is ready for a builder to submit building department permits to construct the additional 4 condominium units on the back half of the lottotaling 4,880 square feet of brand-new livable space.  Unit 1 is an 896 sqft, 2-bed, 2-bath unit with a beautiful back patio.  Unit 2 is a 2-bed, 2-bath unit of 844 sqft with a similar back patio.  Unit 3 spans multiple levels, has 1,509 sqft, a planned roof deck, and two ensuite bedrooms.  Unit 4 is the largest at 1,631 sqft, featuring a roof deck and two ensuite bedrooms.  Arborist reports, survey, fire, ADA, parking etcincluded in the disclosures.