2393 Spg, Redwood City, CA 94063
Five apartments plus an on-site commercial restaurant and a detached 6-garage building near transit and freeway access.
- Added:
- Jun 7, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 10 at 2:56 am
Property Features for 2393 Spg
General Information
- Standard status
- Active
- Size
- 6,405 SF
- Lot size
- 0.30 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1949
Listing agent Kilian Goldin License #02232600 (888) 817-3383
Listing office Reeve Brokerage (888) 817-3383
Listing date Jun 7, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Reeve Brokerage
HighLights
- Multi‑tenant property at 2391–2395 Spring Street, Redwood City
- 5 apartments plus an on‑site commercial restaurant
- Detached building includes 6 garages
- Lot area is 12,877 SF; total living/restaurant area is 6,405 SF
- Downtown Redwood City setting with close transportation and freeway access
- Walk Score: 30 (car‑dependent); Bike Score: 54 (bikeable)
Overview
Located in the downtown area, the property is described as close to transportation and freeway access. The provided mobility context shows a BikeScore of 54 (bikeable) and a WalkScore of 30 (car-dependent), supporting access by both vehicle and bike.
This setup can appeal to buyers seeking a combined residential and restaurant holding in one ownership, with dedicated garage parking included via the separate six-garage structure. The presence of both apartment units and a commercial restaurant may also offer operational flexibility for an owner-operator or a buyer looking to manage multiple income components within a single property footprint.
Local Financial Insights For Apartment 5plus
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 | $334.3k | $52.20 |
| − Vacancy | −$17.4k | −$2.71 |
| EGI | $317.0k | $49.49 |
| − OpEx | −$142.6k | −$22.27 |
| NOI | $174.3k | $27.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Redwood City
- County
- San Mateo
- State
- California
- Longitude
- -122.212227
- Latitude
- 37.483244
