Triplex with Private Outdoor
1110 Allerton Street Redwood City, CA 94063
1110 Allerton Street, Redwood City, CA, 94063
$1,599,995
Pending
For Sale
$1,599,995
Pending
Triplex offers three 2-bedroom units with shared laundry, garages for each unit, and private outdoor areas.
Property Size3,941 SF
Days on Market70
Property Features for 1110 Allerton Street
General Information
- Standard status
- Pending
- Size
- 3,941 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Realty 110, Inc.
(530) 242-4114
Listed by
Nick Kerley · License #01332465
(530) 242-4114
Source
Exitrealty
Added: May 13 Updated: Jul 21 at 3:23AM Checked: Jul 21 at 3:23AM
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 Realty 110, Inc.
Investment Insights
Based on property information with market context.
This triplex includes three units, each featuring 2 bedrooms and 1 full bathroom with a dedicated dining area and functional kitchen layout. All residents have access to a shared community laundry room. Each unit also has garage space for parking and additional storage, with outdoor space configured as a private backyard for the downstairs unit and private balconies for the two upstairs units.
The property is located across from a park and is described as being just blocks from downtown Redwood City. Unit 1 is vacant and ready for finishing touches, while Units 2 and 3 are currently leased to long-term tenants.
The property is located across from a park and is described as being just blocks from downtown Redwood City. Unit 1 is vacant and ready for finishing touches, while Units 2 and 3 are currently leased to long-term tenants.
Key Highlights
- Triplex built in 1965 with three 2‑bedroom, 1‑bath units and dedicated dining and living areas
- Unit 1 is vacant and ready for finishing touches; units 2 and 3 are leased to long‑term tenants
- Each unit includes garage space for parking and additional storage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.0k | $44.40 |
| − Vacancy | −$11.4k | −$2.89 |
| EGI | $163.6k | $41.51 |
| − OpEx | −$49.1k | −$12.45 |
| NOI | $114.5k | $29.06 |
3,941 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.43M – $1.91M
NOI $114,525 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,263 @ 7.0% cap · market cap 6.70%
Theoretical Best
Warehouse
$3.13M
$2.74M – $3.65M
NOI $219,127 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex offers three 2-bedroom units with shared laundry, garages for each unit, and private outdoor areas.
Where is this triplex located?
The property is located at 1110 Allerton Street Redwood City, CA.
What is the asking price?
The asking price for this property is $1,599,995.
What are key features of this property?
This property features: Triplex built in 1965 with three 2‑bedroom, 1‑bath units and dedicated dining and living areas; Unit 1 is vacant and ready for finishing touches; units 2 and 3 are leased to long‑term tenants; Each unit includes garage space for parking and additional storage
