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1255 Woodside Rd 10 Unit Apartment Building $4,495,000 ($449,500/Unit) 3.63% Cap Rate Redwood City, CA 94061
Investment Highlights
- Walking distance to Woodside Plaza shopping center
- easy access tohighway 101 and 280
Executive Summary
Excellent investment opportunity in one of Redwood City's most desirable Westside neighborhoods. This well-maintained 10-unit multifamily property features a balanced unit mix and premium location ideal for steady rental demand. The property features six 2-bedroom/1-bath units and four 1-bedroom/1-bath units, offering excellent rental income. Most units have updated kitchens and bathrooms. Newer dual-pane windows throughout the building enhance comfort and energy efficiency. On-site laundry room includes 2 washers and 2 dryers for tenant convenience. New water heater and recirculating pump. Units 1,3 and 6 refreshed with new paint, flooring and carpet! Unit 4 completely updated including new kitchen and bath! Ample parking with 8 covered carport spaces plus 6 additional uncovered spaces. Located near Woodside Plaza, providing easy access to shopping, dining, schools, and major commute routes including Highways 101 and 280. Centrally positioned on the Peninsula with access to Silicon Valley and San Franciscoase contact broker for details.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $449,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 3.63% | Building Size | 9,158 SF |
| Gross Rent Multiplier | 13.91 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.53/1,000 SF |
| Zoning | Apartment House 5+ units | ||
| Price | $4,495,000 |
| Price Per Unit | $449,500 |
| Sale Type | Investment |
| Cap Rate | 3.63% |
| Gross Rent Multiplier | 13.91 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 9,158 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | Apartment House 5+ units |
Amenities
- Smoke Detector
Unit Amenities
- Disposal
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Carpet
- Double Pane Windows
- Linen Closet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,363 | 600 |
| 2+1 | 6 | $2,843 | 800 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 059-253-280 | Total Assessment | $2,702,976 |
| Land Assessment | $1,619,323 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,083,653 | Tax Year | 2025 |
Property Taxes
Parcel Number
059-253-280
Land Assessment
$1,619,323
Improvements Assessment
$1,083,653
Total Assessment
$2,702,976
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
1255 Woodside Rd