Renovated Multi-Unit Apartment
For Sale
$3,395,000
116 Pine Street, Redwood City, CA 94063
Fully renovated 10-unit building with a mix of one- and two-bedroom apartments near downtown Redwood City amenities.
Property SizeContact for details
Days on Market214
Property Features for 116 Pine Street
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Multifamily Units
10
Building Details
Year Built
1953
Listing Agency:
Cornish & Carey Commercial
Listed By:
Steve Zirelli
(714) 497-3550
Source:
Sevengables
Added: Jan 5
Changed: Jul 10
Last Checked: Aug 7 at 1:47AM
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 Cornish & Carey Commercial
Investment Insights
Based on property information with market context.
116 Pine Street is a downtown Redwood City apartment building offering 10 fully renovated units. The updates include renovated kitchens and baths, along with refreshed floors and doors, and electrical improvements. The unit mix consists of three 2-bedroom, 1-bath apartments and seven 1-bedroom, 1-bath apartments, providing a balanced residential configuration for prospective tenants.
The property is set one block from the Elko Yards development project, described as an 8-acre, $600,000,000 initiative. Public remarks also cite a WalkScore of 94, with close proximity to dining, shopping, and entertainment options in Downtown Redwood City. The asset is positioned between San Francisco and San Jose, aligning it with the broader demand drivers of the mid-Peninsula.
For investors and buyers, this is a straightforward opportunity to acquire a renovated multifamily asset with an in-place mix of one- and two-bedroom units. With unit interiors refreshed across kitchens, baths, finishes, and electrical, the building is designed to support day-to-day leasing needs while maintaining a consistent residential standard across the full portfolio. The downtown adjacency to established amenities and the nearby Elko Yards project can help support long-term tenant relevance in the area.
The property is set one block from the Elko Yards development project, described as an 8-acre, $600,000,000 initiative. Public remarks also cite a WalkScore of 94, with close proximity to dining, shopping, and entertainment options in Downtown Redwood City. The asset is positioned between San Francisco and San Jose, aligning it with the broader demand drivers of the mid-Peninsula.
For investors and buyers, this is a straightforward opportunity to acquire a renovated multifamily asset with an in-place mix of one- and two-bedroom units. With unit interiors refreshed across kitchens, baths, finishes, and electrical, the building is designed to support day-to-day leasing needs while maintaining a consistent residential standard across the full portfolio. The downtown adjacency to established amenities and the nearby Elko Yards project can help support long-term tenant relevance in the area.
Key Highlights
- 10‑unit multifamily building built in 1953 in downtown Redwood City
- All 10 units fully renovated, including kitchens, baths, floors, doors, and electrical
- Unit mix: three 2 bed, 1 bath units and seven 1 bed, 1 bath units
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,019
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 10-unit building with a mix of one- and two-bedroom apartments near downtown Redwood City amenities.
Where is this apartment building located?
The property is located at 116 Pine Street Redwood City, CA.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: 10‑unit multifamily building built in 1953 in downtown Redwood City; All 10 units fully renovated, including kitchens, baths, floors, doors, and electrical; Unit mix: three 2 bed, 1 bath units and seven 1 bed, 1 bath units
