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1024 10th Ave 6 Unit Apartment Building $4,000,000 ($666,667/Unit) 4.56% Cap Rate Redwood City, CA 94063
Executive Summary
SC Properties is pleased to exclusively offer for sale 1024 10th Avenue, Redwood City a well-maintained six-unit apartment property offering investors the opportunity to acquire a quality multifamily asset in the heart of Redwood City. Four of the six units, consisting of two duplexes, were newly constructed in 2015, while the original front duplex was completely renovated inside and out during the same redevelopment. The property was comprehensively improved with new asphalt paving, decorative pavers, fire sprinklers, bioswale improvements, curbs, fencing, landscaping, and modern infrastructure throughout.
The spacious units feature private garages, yards, in-unit laundry, and contemporary finishes, creating a highly desirable living environment with low ongoing management responsibilities. Ideally located just three miles from Meta's Menlo Park campus and only minutes from Downtown Redwood City, the property offers convenient access to major employers, Caltrain, Highway 101, shopping, dining, and entertainment. With strong in-place income and additional rental upside, 1024 10th Avenue presents an outstanding long-term investment opportunity in one of the Peninsula's most sought-after rental markets
The spacious units feature private garages, yards, in-unit laundry, and contemporary finishes, creating a highly desirable living environment with low ongoing management responsibilities. Ideally located just three miles from Meta's Menlo Park campus and only minutes from Downtown Redwood City, the property offers convenient access to major employers, Caltrain, Highway 101, shopping, dining, and entertainment. With strong in-place income and additional rental upside, 1024 10th Avenue presents an outstanding long-term investment opportunity in one of the Peninsula's most sought-after rental markets
Property Facts
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $666,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 4.56% | Building Size | 7,600 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2015 |
| Zoning | R-2 | ||
| Price | $4,000,000 |
| Price Per Unit | $666,667 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 7,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2015 |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Stainless Steel Appliances
- Yard
- Lawn
- Large Bedrooms
- Quartz Countertops
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,000 |
| 2+2 | 4 | - | 1,250 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 055-043-830 | Improvements Assessment | $1,639,497 |
| Land Assessment | $560,446 | Total Assessment | $2,199,943 |
Property Taxes
Parcel Number
055-043-830
Land Assessment
$560,446
Improvements Assessment
$1,639,497
Total Assessment
$2,199,943
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