10-Unit Apartment
1255 Woodside Road, Redwood City, CA 94061
For Sale
New
$3,995,000
Pending
A one- and two-bedroom unit mix is paired with shared laundry facilities and covered parking.
Property Size9,158 SF
Days on Market7
Property Features for 1255 Woodside Road
General Information
Standard status
Size
Total Parking Spaces
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
true
Assessor
Public
13231
6
0.3037
9158
1
Building Details
Building Size
Year Built
Listing Agency:
Golden Gate Sotheby's International Realty
(650) 787-2121
Listed By:
John Shroyer · License CA #00613370
(650) 597-1800
Source:
Stiglerhomes
Added: Nov 8
Changed: Nov 13
Last Checked: Nov 13 at 4:18AM
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 Golden Gate Sotheby's International Realty
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Investment Insights
Based on property information with market context.
The 9,158-square-foot apartment property was built in 1961 and contains 10 units: six with two bedrooms and one bathroom, and four with one bedroom and one bathroom. Most residences have updated kitchens and bathrooms. Units 1, 3, and 6 received new paint and floor finishes, while Unit 4 has a renovated kitchen and bathroom. Building features include dual-pane windows, a recently installed water heater and recirculating pump, and a laundry room with two washers and two dryers. Parking includes eight covered carport spaces and six uncovered spaces.
The property is in Redwood City’s unincorporated area, near Woodside Plaza and shopping, dining, and schools. Highways 101 and 280 provide access to regional commute routes. Its zoning is R30000. The property is not subject to Redwood City’s local tenant or rent control ordinances.
The property is in Redwood City’s unincorporated area, near Woodside Plaza and shopping, dining, and schools. Highways 101 and 280 provide access to regional commute routes. Its zoning is R30000. The property is not subject to Redwood City’s local tenant or rent control ordinances.
Key Highlights
- 10 units: six 2‑bedroom/1‑bath residences and four 1‑bedroom/1‑bath residences
- 9,158‑square‑foot property built in 1961
- Eight covered carport spaces and six uncovered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,254
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,985,080
$5.0M
Cap Rate 7%
$3,560,771
$3.6M
Cap Rate 9%
$2,769,489
$2.8M
Market Conditions
NOI Build-Up for 9,158 SF
Gross rent
$478.0K $52.20/SF
− Vacancy
−$24.9K −$2.71/SF
EGI
$453.2K $49.49/SF
− OpEx
−$203.9K −$22.27/SF
NOI
$249.3K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,985,080
Cap Rate 7%
$3,560,771
Cap Rate 9%
$2,769,489
Alternative Uses
Best Use
Apartment 5plus
$3.56M
$3.12M – $4.15M
NOI $249,254 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.58M
$4.88M – $6.51M
NOI $390,741 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
729
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
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Market
Properties on Market for Apartment buildings in Redwood City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A one- and two-bedroom unit mix is paired with shared laundry facilities and covered parking.
Where is this apartment building located?
The property is located at 1255 Woodside Road Redwood City, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 10 units: six 2‑bedroom/1‑bath residences and four 1‑bedroom/1‑bath residences; 9,158‑square‑foot property built in 1961; Eight covered carport spaces and six uncovered parking spaces
