Eight-Unit Multifamily
1671 Woodland AVE, East Palo Alto, CA 94303
For Sale
$1,498,000
Two residential buildings provide one-bedroom, one-bathroom homes, each with dedicated parking.
Property Size2,836 SF
Days on Market8
Property Features for 1671 Woodland AVE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Andrew Greenman · License CA #01874265
(650) 739-5596
Source:
Johnpaye
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 8 at 12:13PM
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
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Investment Insights
Based on property information with market context.
The offering combines two residential buildings at 1671 and 1681 Woodland Avenue in East Palo Alto. Each building contains four one-bedroom, one-bathroom residences, for eight units in total. Dedicated parking is provided for every residence. The buildings date to 1947.
The property is near Palo Alto and Menlo Park, with access to Stanford University, Meta, downtown Palo Alto, University Avenue, Stanford Shopping Center, and major commuter routes. Dining, shopping, recreation, and everyday services are also within reach.
The property is near Palo Alto and Menlo Park, with access to Stanford University, Meta, downtown Palo Alto, University Avenue, Stanford Shopping Center, and major commuter routes. Dining, shopping, recreation, and everyday services are also within reach.
Key Highlights
- Eight residences across two buildings at 1671 and 1681 Woodland Avenue
- Each building contains four one‑bedroom, one‑bathroom residences
- Dedicated parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,041
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,820
$1.3M
Cap Rate 7%
$914,871
$914.9K
Cap Rate 9%
$711,567
$711.6K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$95.3K $33.60/SF
− Vacancy
−$3.8K −$1.34/SF
EGI
$91.5K $32.26/SF
− OpEx
−$27.4K −$9.68/SF
NOI
$64.0K $22.58/SF
Area
Santa Clara County, CA
Vacancy
3.99%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,820
Cap Rate 7%
$914,871
Cap Rate 9%
$711,567
Alternative Uses
Best Use
Multifamily LT 5
$914.9K
$800.5K – $1.07M
NOI $64,041 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$845.3K
$739.7K – $986.2K
NOI $59,174 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,850 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
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Business Placement
Demographics for 94303, CA
48,281
Population
15,927
Households
3
Avg Household Size
35
Median Age
48%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
5,748
Density / Sq Mi
$148,031
Median Household Income
$55,788
Median Earnings
$2,710
Median Rent
$1,825,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Santa Clara County, CA
Properties on Market for Quadplexes in Santa Clara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two residential buildings provide one-bedroom, one-bathroom homes, each with dedicated parking.
Where is this quadplex located?
The property is located at 1671 Woodland AVE East Palo Alto, CA.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Eight residences across two buildings at 1671 and 1681 Woodland Avenue; Each building contains four one‑bedroom, one‑bathroom residences; Dedicated parking for each unit
