238 Poplar Ave - Apartments FOR SALE


Redwood City, CA 94061
$3,600,000 USD
650-391-1765
238 Poplar Ave, Redwood City, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/9
null | 4.26% Cap Rate

238 Poplar Ave
Redwood City, CA 94061


OVERVIEW

*Due diligence available upon request. The Castellanos Team is pleased to present, 238 Poplar Ave, a standout investment opportunity located near the heart of Redwood City, CA. This multifamily property features seven spacious 2-bedroom, 2-bathroom units, highly sought after by renters looking for space and comfort. Each unit includes a private balcony, adding appeal to the residences. The property spans three parcels and includes 14 parking spaces, thoughtfully arranged under carports and open spaces. In a market where the median single-family home price is $1.8 million (according to Redfin), this multifamily asset allows investors to leverage high property values while catering to the growing demand for quality rental housing.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

7

PRICE/UNIT

$514,286

CAP RATE

4.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R40000

APN/PARCEL ID

053-282-370,053-282-380,053-282-390

ASK ABOUT THIS PROPERTY

AJ DeCristoforoMarcus & MillichapMore Info
650-391-1765

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AJ DeCristoforoMarcus & MillichapMore Info
650-391-1765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.