Four-Unit Residential Income
For Sale
$2,195,000
1164 Clinton Street, Redwood City, CA 94061
Four-unit income property with an updated three-bedroom rear cottage and three one-bedroom units.
Property Size3,034 SF
Price / SF$723.47
Days on Market104
Property Features for 1164 Clinton Street
General Information
Standard status
Active
Size
3,034 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
4
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Compass
(650) 888-3191
Listed By:
Vincent Cardinale · License #00613818
(650) 888-3191
Source:
Exitrealty
Added: Apr 23
Changed: Jul 23
Last Checked: Aug 4 at 4:54AM
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 Compass
Investment Insights
Based on property information with market context.
This four-unit residential income property includes a three-bedroom, one-bath cottage and three one-bedroom, one-bath units. The rear cottage features an updated kitchen and bath, a large living room with a fireplace, and an attached one-car garage. The cottage also includes an enclosed front yard with a new gate and landscaping. Each of the one-bedroom units has an updated kitchen and bath, and all four units have new double-pane windows. Additional improvements include roof and gutter replacement approximately five years ago, along with a new drainage system, driveway, and sidewalk.
Each one-bedroom unit includes an assigned covered carport and a storage closet. The property also has new electrical service with 400 amps, new meters, and new fences, plus curb-focused upgrades such as a new artificial turf front yard. The three-bedroom cottage is positioned at the rear of the property, providing added privacy.
The configuration is designed to support both rental income and owner-occupancy for the rear cottage, with the cottage located separately from the one-bedroom units.
Each one-bedroom unit includes an assigned covered carport and a storage closet. The property also has new electrical service with 400 amps, new meters, and new fences, plus curb-focused upgrades such as a new artificial turf front yard. The three-bedroom cottage is positioned at the rear of the property, providing added privacy.
The configuration is designed to support both rental income and owner-occupancy for the rear cottage, with the cottage located separately from the one-bedroom units.
Key Highlights
- Four‑unit income property in Redwood City with an updated 3‑bedroom, 1‑bath rear cottage and three 1‑bedroom, 1‑bath units
- Approx. 1,198 SF cottage includes an updated kitchen and bath, large living room with fireplace, and an attached 1‑car garage
- All three 1‑bedroom units have updated kitchens and baths; each 1‑bedroom includes an assigned covered carport and storage closet
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 | $134.7k | $44.40 |
| − Vacancy | −$8.8k | −$2.89 |
| EGI | $126.0k | $41.51 |
| − OpEx | −$37.8k | −$12.45 |
| NOI | $88.2k | $29.06 |
3,034 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,167 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,577 @ 7.0% cap · market cap 3.76%
Theoretical Best
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,696 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,325
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with an updated three-bedroom rear cottage and three one-bedroom units.
Where is this quadplex located?
The property is located at 1164 Clinton Street Redwood City, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Four‑unit income property in Redwood City with an updated 3‑bedroom, 1‑bath rear cottage and three 1‑bedroom, 1‑bath units; Approx. 1,198 SF cottage includes an updated kitchen and bath, large living room with fireplace, and an attached 1‑car garage; All three 1‑bedroom units have updated kitchens and baths; each 1‑bedroom includes an assigned covered carport and storage closet
