Vacant Duplex with Private
124 Oakwood Drive Redwood City, CA 94061
124 Oakwood Drive, Redwood City, CA, 94061
$1,985,000
For Sale
$1,985,000
Fully vacant duplex features two 2-bedroom, 1-bath units, each with its own garage and in-unit laundry.
Property Size2,241 SF
Price / SF$885.77
Days on Market11
Property Features for 124 Oakwood Drive
General Information
- Standard status
- Active
- Size
- 2,241 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1961
Listing agency
Century 21 Baldini Realty
(650) 862-1958
Listed by
Mia Baldini · License #02130794
(650) 862-1958
Source
Exitrealty
Added: Jul 12 Updated: Jul 21 at 12:47AM Checked: Jul 21 at 6:15AM
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 Century 21 Baldini Realty
Investment Insights
Based on property information with market context.
Fully vacant duplex with two separate 2-bedroom, 1-bath units. Each unit includes a living room with a tiled fireplace, ceiling fans, and wood louvered shutters. Kitchens are equipped with granite counters, tile backsplashes, and stainless steel appliances, including a dishwasher, with eat-in dining space. Bathrooms offer granite vanities and glass-enclosed tile shower stalls. Each unit has its own garage, with no direct connection between the living spaces, and washer and dryer are included.
A gated, shared driveway leads through mature landscaping and citrus trees to both homes. Unit 124 includes a manicured front garden, a paved front patio, and a private back patio under a covered pergola for exclusive use. Unit 126 features a back patio with lawn space plus an elevated deck off the living room, surrounded by landscaped areas for shaded privacy.
Set just steps from Atherton, the property is in a walkable neighborhood with easy Caltrain and freeway access.
A gated, shared driveway leads through mature landscaping and citrus trees to both homes. Unit 124 includes a manicured front garden, a paved front patio, and a private back patio under a covered pergola for exclusive use. Unit 126 features a back patio with lawn space plus an elevated deck off the living room, surrounded by landscaped areas for shaded privacy.
Set just steps from Atherton, the property is in a walkable neighborhood with easy Caltrain and freeway access.
Key Highlights
- Fully vacant duplex built in 1961 with two separate 2‑bedroom, 1‑bath units
- Each unit includes its own garage and in‑unit washer and dryer
- Gated shared driveway with mature landscaping and citrus trees leading to both units
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 | $99.5k | $44.40 |
| − Vacancy | −$6.5k | −$2.89 |
| EGI | $93.0k | $41.51 |
| − OpEx | −$27.9k | −$12.45 |
| NOI | $65.1k | $29.06 |
2,241 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$930.3K
$814.0K – $1.09M
NOI $65,123 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$871.3K
$762.4K – $1.02M
NOI $60,993 @ 7.0% cap · market cap 3.07%
Theoretical Best
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,604 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully vacant duplex features two 2-bedroom, 1-bath units, each with its own garage and in-unit laundry.
Where is this duplex located?
The property is located at 124 Oakwood Drive Redwood City, CA.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: Fully vacant duplex built in 1961 with two separate 2‑bedroom, 1‑bath units; Each unit includes its own garage and in‑unit washer and dryer; Gated shared driveway with mature landscaping and citrus trees leading to both units
