Six-Unit Apartment Building with
For Sale
$3,895,000
Pending
1024 10th AVE, Redwood City, CA 94063
Private yards, in-unit laundry, and contemporary finishes support convenient residential functionality.
Property Size6,744 SF
Days on Market71
Property Features for 1024 10th AVE
General Information
Standard status
Pending
Size
6,744 SF
Property subtype
FiveOrMoreUnits
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Sprinkler System
Yes
Multifamily Units
6
Amenities
private garages
yards
in-unit laundry
Building Details
Building Size
6,744 SF
Year Built
1953
Listing Agency:
SC Properties
Listed By:
Rachid Atie · License #02095614
(650) 868-0202
Source:
Lynnnorth
Added: Aug 10
Changed: Oct 17
Last Checked: Oct 16 at 5:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SC Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit apartment property combines newer construction with substantial renovation work. Four units, arranged as two duplexes, were added in 2015, while the original front duplex underwent a full interior and exterior renovation during the same redevelopment. The units include private garages, individual yards, in-unit laundry, and contemporary finishes. Site improvements include new asphalt paving, decorative pavers, fire sprinklers, bioswale work, curbs, fencing, landscaping, and updated infrastructure. The property was originally built in 1953.
The property is located at 1024 10th Avenue in Redwood City, three miles from Meta’s Menlo Park campus and minutes from Downtown Redwood City. Access to Caltrain, Highway 101, shopping, dining, and entertainment is also identified in the property information.
The property is located at 1024 10th Avenue in Redwood City, three miles from Meta’s Menlo Park campus and minutes from Downtown Redwood City. Access to Caltrain, Highway 101, shopping, dining, and entertainment is also identified in the property information.
Key Highlights
- Six‑unit apartment property with four units newly constructed in 2015
- Four newer units are configured as two duplexes
- Original front duplex fully renovated inside and out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,552
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,671,040
$3.7M
Cap Rate 7%
$2,622,171
$2.6M
Cap Rate 9%
$2,039,467
$2.0M
Market Conditions
NOI Build-Up for 6,744 SF
Gross rent
$352.0K $52.20/SF
− Vacancy
−$18.3K −$2.71/SF
EGI
$333.7K $49.49/SF
− OpEx
−$150.2K −$22.27/SF
NOI
$183.6K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,671,040
Cap Rate 7%
$2,622,171
Cap Rate 9%
$2,039,467
Alternative Uses
Best Use
Apartment 5plus
$2.62M
$2.29M – $3.06M
NOI $183,552 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.36M
$4.69M – $6.25M
NOI $374,979 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 94063, CA
35,836
Population
12,162
Households
2.9
Avg Household Size
34
Median Age
35%
College-Educated
74%
High-School Grad
6.5 sq mi
ZIP Area
5,513
Density / Sq Mi
$115,528
Median Household Income
$50,960
Median Earnings
$2,802
Median Rent
$1,077,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Private yards, in-unit laundry, and contemporary finishes support convenient residential functionality.
Where is this apartment building located?
The property is located at 1024 10th AVE Redwood City, CA.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Six‑unit apartment property with four units newly constructed in 2015; Four newer units are configured as two duplexes; Original front duplex fully renovated inside and out
