736 Cedar St - Apartments FOR SALE


Redwood City, CA 94063- Staumbaugh Heller
$2,800,000 USD
415-299-1124
736 Cedar St, Redwood City, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/18
null | 4.54% Cap Rate

736 Cedar St
Redwood City, CA 94063
Staumbaugh Heller


HIGHLIGHTS

  • Eight Units: (4) 2-bedroom, 1-bath and (4) 1-bedroom, 1-bath
  • 100% Occupancy with strong rental history
  • 0.24-acre lot with development potential
  • Brand-new Thermoplastic Polyolefin Membrane (TPO) Roof.

OVERVIEW

736 Cedar Street is a charming apartment building located in one of the hottest submarkets of the San Francisco Bay Area. The property consists of eight (8) units, with a unit mix of four (4) 2-bedroom, 1-bath units, and four (4) 1-bedroom, 1-bath units. The units have been thoughtfully upgraded, featuring renovated kitchens and bathrooms. Kitchen upgrades include updated countertops, stock cabinetry, and whirlpool appliances. The bathrooms have been modernized with updated vanities and shower/tub combinations. Each unit is equipped with a keyless entry system, allowing residents to access their apartments without traditional keys while providing added security. The property also offers one (1) dedicated parking space for each tenant, along with three (3) additional spaces for guest parking. Additionally, there is a dedicated storage and laundry room for tenant convenience. In January 2025, the property received a brand-new thermoplastic polyolefin membrane (TPO) roof. The estimated lifespan of the roof is 30+ years. Located in Redwood City, California, 736 Cedar Street is situated in the heart of Silicon Valley, the innovation capital of the world. With major technology companies like Box Inc., Oracle, Electronic Arts, and many more, Redwood City is one of the most sought-after markets globally. In addition, employers such as Stanford Medical contribute to the area’s talent pool across a variety of sectors. The property is strategically located 28 miles from San Jose and 26 miles from San Francisco, offering convenient access to two of the largest cities in the region. Just blocks away, residents can enjoy the El Camino Real, which provides a wide array of restaurants, shops, nightlife, and major grocery stores, ensuring tenants have everything they need right at their doorstep.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$527 USD /SF

# OF UNITS

8

PRICE/UNIT

$350,000

CAP RATE

4.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,822 SF

ZONING

-

APN/PARCEL ID

053-244-070

ASK ABOUT THIS PROPERTY

Marshall WardCompassMore Info
415-299-1124

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Marshall WardCompassMore Info
415-299-1124

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