Mixed-Use Building with
2393 Spring Redwood City, CA 94063
2393 Spring, Redwood City, CA, 94063
$1,988,000
Pending
For Sale
$1,988,000
Pending
COMMERCIAL - Redwood City, CA
Property Size6,405 SF
Lot Size0.30 Acres
Days on Market48
Property Features for 2393 Spring
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Laundry Room, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
- Parking
- 17
- Parking features
- Garage
- Window features
- Screens, Wood Frames, ENERGY STAR Qualified WIndows
- Appliances
- Convection Oven, ENERGY STAR Qualified Appliances, Electric Water Heater, Refrigerator, Vented Exhaust Fan, Free-Standing Range, ENERGY STAR Qualified Water Heater, Gas Range, Dishwasher
- Standard status
- Pending
- APN
- 054081080
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Laminate, Wood, Tile, Carpet, Vinyl
- Building materials
- Cement Siding
- Roof type
- Tar/Gravel
Listing Agency
Reeve Brokerage Inc.
(888) 817-3383
260 Newport Beach Dr STE 8048, Miami, CA
Listed by
Kilian Goldin · License #02232600
(888) 817-3383
Added: Jun 4 Updated: Jul 17 at 5:26 pm Checked: Jul 21 at 5:06 am
MLS# OC26122129
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2391–2395 Spring Street in Redwood City, this mixed-use property includes four apartments, a commercial restaurant, and a standalone building with six garages. The lot totals 12,877 square feet, and the combined living/restaurant area is 6,405 square feet.
The property is described as being in the downtown area, with close access to transportation and freeway access.
This configuration offers an owner an income-producing blend of residential units and a commercial restaurant component, supported by dedicated garage spaces on site.
The property is described as being in the downtown area, with close access to transportation and freeway access.
This configuration offers an owner an income-producing blend of residential units and a commercial restaurant component, supported by dedicated garage spaces on site.
Key Highlights
- Includes 4 apartments plus a commercial restaurant and a standalone building with 6 garages
- Lot area is 12,877 SF with 6,405 SF total living/restaurant area
- Central heating and central air
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 |
6,405 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.66M
$2.33M – $3.10M
NOI $186,128 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$2.49M
$2.18M – $2.91M
NOI $174,325 @ 7.0% cap · market cap 8.77%
Theoretical Best
Warehouse
$5.09M
$4.45M – $5.94M
NOI $356,130 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Mixed-use property featuring four apartments, a commercial restaurant, and a standalone building with six garages on one lot.
Where is this quadplex located?
The property is located at 2393 Spring Redwood City, CA.
What is the asking price?
The asking price for this property is $1,988,000.
What are key features of this property?
This property features: Includes 4 apartments plus a commercial restaurant and a standalone building with 6 garages; Lot area is 12,877 SF with 6,405 SF total living/restaurant area; Central heating and central air
