Mixed-Use Property with
2561-67 El Camino Real, Redwood City, CA 94061
For Sale
New
$4,000,000
Four residential units complement two ground-level commercial suites and on-site parking.
Property Size6,385 SF
Price / SF$626.47
Days on Market4
Property Features for 2561-67 El Camino Real
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Goodview Financial & Real Estate
Listed By:
Ying Wei
(408) 360-7642
Source:
Goodpatriotrealty
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 2:12PM
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 Goodview Financial & Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property, built in 1954, combines two street-level commercial spaces measuring approximately 1,650 square feet and 1,500 square feet with four residential units. Upstairs are a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. Two additional downstairs units each have one bedroom and one bath and are non-conforming.
The property has 13 on-site parking spaces and access from two streets. Its residential and commercial components are arranged within one property, with the commercial spaces at ground level and the other units above and below.
The property has 13 on-site parking spaces and access from two streets. Its residential and commercial components are arranged within one property, with the commercial spaces at ground level and the other units above and below.
Key Highlights
- Two commercial spaces of approximately 1,650 square feet and 1,500 square feet
- Four residential units: one 2‑bedroom/1‑bath, one 1‑bedroom/1‑bath upstairs, and two non‑conforming 1‑bedroom/1‑bath units downstairs
- 13 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,259
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,125,180
$4.1M
Cap Rate 7%
$2,946,557
$2.9M
Cap Rate 9%
$2,291,767
$2.3M
Market Conditions
NOI Build-Up for 6,385 SF
Gross rent
$438.3K $68.64/SF
− Vacancy
−$108.3K −$16.95/SF
EGI
$330.0K $51.69/SF
− OpEx
−$123.8K −$19.38/SF
NOI
$206.3K $32.30/SF
Area
San Mateo County, CA
Vacancy
24.70%
Lease Rate
$68.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,125,180
Cap Rate 7%
$2,946,557
Cap Rate 9%
$2,291,767
Alternative Uses
Best Use
Mixed Use
$2.95M
$2.58M – $3.44M
NOI $206,259 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$2.48M
$2.17M – $2.90M
NOI $173,781 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M
NOI $272,426 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,891
Businesses Nearby
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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
$1,938,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in San Mateo County, CA
Properties on Market for Mixed-use properties in San Mateo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units complement two ground-level commercial suites and on-site parking.
Where is this mixed-use property located?
The property is located at 2561-67 El Camino Real Redwood City, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Two commercial spaces of approximately 1,650 square feet and 1,500 square feet; Four residential units: one 2‑bedroom/1‑bath, one 1‑bedroom/1‑bath upstairs, and two non‑conforming 1‑bedroom/1‑bath units downstairs; 13 on‑site parking spaces
