8-Unit Multifamily
1681 Woodland AVE, East Palo Alto, CA 94303
For Sale
$1,498,000
Two buildings contain one-bedroom residences, each with dedicated parking.
Property Size2,836 SF
Days on Market8
Property Features for 1681 Woodland AVE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
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 9
Last Checked: Nov 8 at 3:41PM
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.
Offered as a single property, this East Palo Alto multifamily asset comprises two buildings at 1671 and 1681 Woodland Avenue. Each building contains four residences, for eight units total. The apartments are configured with one bedroom and one bathroom, and each has dedicated parking. The property was built in 1947.
The site is in East Palo Alto, with the listing identifying access to Palo Alto, Menlo Park, Stanford University, Meta, downtown Palo Alto, University Avenue, Stanford Shopping Center, and major commuter routes. Dining, shopping, recreation, and everyday services are also cited in the surrounding area.
The site is in East Palo Alto, with the listing identifying access to Palo Alto, Menlo Park, Stanford University, Meta, downtown Palo Alto, University Avenue, Stanford Shopping Center, and major commuter routes. Dining, shopping, recreation, and everyday services are also cited in the surrounding area.
Key Highlights
- Two buildings offered together at 1671 and 1681 Woodland Avenue
- Eight residential units across the property
- Each building contains four one‑bedroom, one‑bathroom residences
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 Multifamily properties in Santa Clara County, CA
Properties on Market for Multifamily properties in Santa Clara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings contain one-bedroom residences, each with dedicated parking.
Where is this multifamily property located?
The property is located at 1681 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: Two buildings offered together at 1671 and 1681 Woodland Avenue; Eight residential units across the property; Each building contains four one‑bedroom, one‑bathroom residences
