Two-Unit Duplex with Attached
New
For Sale
$1,650,000
1833 Redwood AVE, Redwood City, CA 94061
Two separate residences offer a flexible configuration, private outdoor areas, and indoor laundry in both units.
Property Size2,438 SF
Price / SF$676.78
Days on Market4
Property Features for 1833 Redwood AVE
General Information
Standard status
Active
Size
2,438 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3BR/2BA, 2BR/1BA
Multifamily Units
2
Amenities
private backyard
indoor laundry
Building Details
Building Size
2,438 SF
Year Built
1957
Listing Agency:
Rational Real Estate
Listed By:
John Chau · License #01343787
(408) 839-7480
Source:
Johnpaye
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:28PM
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 Rational Real Estate
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Investment Insights
Based on property information with market context.
This 2,438-square-foot duplex contains two residences. The front unit spans two stories and has three bedrooms, two bathrooms, and a dedicated office; the rear unit includes two bedrooms and one bathroom. Both units have an attached one-car garage and indoor laundry. A shared backyard with gardens serves the rear residence, and the property was built in 1957.
The property is near Downtown Redwood City, Red Morton Community Center and Park, Caltrain, Whole Foods, and Costco, with access to Highways 101 and 280. The two-unit configuration supports a range of living arrangements, including occupancy of one residence while leasing the other.
The property is near Downtown Redwood City, Red Morton Community Center and Park, Caltrain, Whole Foods, and Costco, with access to Highways 101 and 280. The two-unit configuration supports a range of living arrangements, including occupancy of one residence while leasing the other.
Key Highlights
- Two units totaling 2,438 square feet
- Front residence: two stories, 3 bedrooms, 2 bathrooms, and a dedicated office
- Rear residence: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,848
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,960
$1.4M
Cap Rate 7%
$1,012,114
$1.0M
Cap Rate 9%
$787,200
$787.2K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$108.2K $44.40/SF
− Vacancy
−$7.0K −$2.89/SF
EGI
$101.2K $41.51/SF
− OpEx
−$30.4K −$12.45/SF
NOI
$70.8K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,960
Cap Rate 7%
$1,012,114
Cap Rate 9%
$787,200
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.6K – $1.18M
NOI $70,848 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$947.9K
$829.4K – $1.11M
NOI $66,355 @ 7.0% cap · market cap 4.02%
Theoretical Best
Warehouse
$1.94M
$1.69M – $2.26M
NOI $135,557 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
665
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a flexible configuration, private outdoor areas, and indoor laundry in both units.
Where is this duplex located?
The property is located at 1833 Redwood AVE Redwood City, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two units totaling 2,438 square feet; Front residence: two stories, 3 bedrooms, 2 bathrooms, and a dedicated office; Rear residence: 2 bedrooms and 1 bathroom
