Six-Unit Apartment
For Sale
$2,998,000
1051 Whipple AVE, Redwood City, CA 94062
Corner-lot multifamily property with shared garage and storage areas.
Property Size7,513 SF
Price / SF$399.20
Days on Market49
Property Features for 1051 Whipple AVE
General Information
Standard status
Active
Size
7,513 SF
Property subtype
FiveOrMoreUnits
Units
Unit Mix
3 x 2BR/1.5BA, 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
6
Additional Details
Road Access
Yes
Building Details
Building Size
7,513 SF
Year Built
1951
Buildings
1
Stories
2
Listing Agency:
Realsmart Properties
Listed By:
Bryan Jacobs · License #01129660
(650) 642-8915
Source:
Johnpaye
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 3 at 1:17PM
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 Realsmart Properties
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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 includes approximately 7,510 square feet across two residential floors, with shared garage and storage space on the ground level. The unit mix comprises three two-bedroom, 1.5-bath apartments, one two-bedroom, one-bath apartment, and two one-bedroom, one-bath apartments. The building was constructed in 1951.
The property occupies a corner lot at Whipple Avenue and Arch Street in Redwood City. One unit is vacant and available for lease-up, while the remaining configuration provides a varied mix of one- and two-bedroom residences within the building.
The property occupies a corner lot at Whipple Avenue and Arch Street in Redwood City. One unit is vacant and available for lease-up, while the remaining configuration provides a varied mix of one- and two-bedroom residences within the building.
Key Highlights
- Six‑unit apartment building with approximately 7,510 square feet
- Unit mix includes 3 two‑bedroom / 1.5‑bath units, 1 two‑bedroom / 1‑bath unit, and 2 one‑bedroom / 1‑bath units
- Shared ground‑floor common garage and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,400
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,088,000
$4.1M
Cap Rate 7%
$2,920,000
$2.9M
Cap Rate 9%
$2,271,111
$2.3M
Market Conditions
NOI Build-Up for 7,510 SF
Gross rent
$392.0K $52.20/SF
− Vacancy
−$20.4K −$2.71/SF
EGI
$371.6K $49.49/SF
− OpEx
−$167.2K −$22.27/SF
NOI
$204.4K $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%
$4,088,000
Cap Rate 7%
$2,920,000
Cap Rate 9%
$2,271,111
Alternative Uses
Best Use
Apartment 5plus
$2.92M
$2.56M – $3.41M
NOI $204,400 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.97M
$5.22M – $6.96M
NOI $417,570 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,217
Businesses Nearby
Explore this area
Business Placement
Demographics for 94062, CA
26,689
Population
10,496
Households
2.5
Avg Household Size
45
Median Age
68%
College-Educated
98%
High-School Grad
64.7 sq mi
ZIP Area
413
Density / Sq Mi
$233,333
Median Household Income
$115,938
Median Earnings
$2,885
Median Rent
$2,000,001
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 - Corner-lot multifamily property with shared garage and storage areas.
Where is this apartment building located?
The property is located at 1051 Whipple AVE Redwood City, CA.
What is the asking price?
The asking price for this property is $2,998,000.
What are key features of this property?
This property features: Six‑unit apartment building with approximately 7,510 square feet; Unit mix includes 3 two‑bedroom / 1.5‑bath units, 1 two‑bedroom / 1‑bath unit, and 2 one‑bedroom / 1‑bath units; Shared ground‑floor common garage and storage
