Duplex with Separate
New
For Sale
$2,149,999
1128 Ebener ST, Redwood City, CA 94061
Both residences are vacant, with private entrances, individual garages, and independent laundry hookups.
Property Size2,565 SF
Days on Market5
Property Features for 1128 Ebener ST
General Information
Standard status
Active
Size
2,565 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,446
Amenities
laundry hookups
private yard
Building Details
Building Size
2,565 SF
Year Built
1953
Listing Agency:
Christie's International Real Estate Sereno
Listed By:
Phil Chen · License #01715177
(415) 271-1920
Source:
Lynnnorth
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 3:11PM
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 Christie's International Real Estate Sereno
Investment Insights
Based on property information with market context.
Built in 1953, this duplex contains two distinct residences connected only by a shared garage wall. Each unit has a private entrance, a one-car garage, laundry hookups, and its own yard. The front residence offers two bedrooms, one bathroom, a new kitchen, and updated flooring. The rear unit includes four bedrooms and two bathrooms, with new kitchen flooring, bedroom carpet, and refinished hardwood floors.
Both residences are vacant, allowing occupancy or leasing without waiting for existing leases to end. The property is at 1128 Ebener Street in Redwood City, California.
Both residences are vacant, allowing occupancy or leasing without waiting for existing leases to end. The property is at 1128 Ebener Street in Redwood City, California.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bathroom front unit and a 4‑bedroom, 2‑bathroom rear unit
- Both units are vacant
- Each unit has a private entrance, 1‑car garage, laundry hookups, and a separate yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,490,760
$1.5M
Cap Rate 7%
$1,064,829
$1.1M
Cap Rate 9%
$828,200
$828.2K
Market Conditions
NOI Build-Up for 2,565 SF
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.
Gross rent
$113.9K $44.40/SF
− Vacancy
−$7.4K −$2.89/SF
EGI
$106.5K $41.51/SF
− OpEx
−$31.9K −$12.45/SF
NOI
$74.5K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,490,760
Cap Rate 7%
$1,064,829
Cap Rate 9%
$828,200
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$931.7K – $1.24M
NOI $74,538 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$997.3K
$872.7K – $1.16M
NOI $69,812 @ 7.0% cap · market cap 3.25%
Theoretical Best
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,619 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 94061, CA
36,704
Population
14,122
Households
2.6
Avg Household Size
38
Median Age
51%
College-Educated
87%
High-School Grad
3.9 sq mi
ZIP Area
9,411
Density / Sq Mi
$141,599
Median Household Income
$66,388
Median Earnings
$2,818
Median Rent
$1,938,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with private entrances, individual garages, and independent laundry hookups.
Where is this duplex located?
The property is located at 1128 Ebener ST Redwood City, CA.
What is the asking price?
The asking price for this property is $2,149,999.
What are key features of this property?
This property features: Two residences: a 2‑bedroom, 1‑bathroom front unit and a 4‑bedroom, 2‑bathroom rear unit; Both units are vacant; Each unit has a private entrance, 1‑car garage, laundry hookups, and a separate yard
