Four-Unit Apartment
2916 Curtis Avenue Redwood City, CA 94063
New
For Sale
$2,030,000
Four-unit residential income property with three 2-bedroom units and one 1-bedroom unit.
Property Size4,292 SF
Price / SF$472.97
Days on Market4
Property Features for 2916 Curtis Avenue
General Information
- Standard status
- Active
- Size
- 4,292 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing Agency:
Marcus & Millichap
(408) 314-3009
Listed By:
Fred Rubio · License #01984041
(408) 314-3009
Source:
Exitrealty
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 26 at 9:24AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
2916 Curtis Avenue is a four-unit apartment building offering three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The property has undergone significant capital improvements, including a roof upgrade, new washer/dryer, a new hot water tank, fresh exterior paint, garage and interior unit improvements, upgraded electrical panels, and new railings.
The asset is located in Redwood City, California and presented as a well-located rental building within one of the Peninsulas consistently strong rental markets.
With its mix of floor plans and recent upgrades, the building is positioned for straightforward operation and maintenance.
The asset is located in Redwood City, California and presented as a well-located rental building within one of the Peninsulas consistently strong rental markets.
With its mix of floor plans and recent upgrades, the building is positioned for straightforward operation and maintenance.
Key Highlights
- Four‑unit apartment building (1971) with three 2 bed, 1 bath units and one 1 bed, 1 bath unit
- Capital improvements include roof upgrade, new washer/dryer, new hot water tank, and fresh exterior paint
- Upgraded electrical panels plus new railings
Financial Insights For Multifamily LT 5
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 | $190.6k | $44.40 |
| − Vacancy | −$12.4k | −$2.89 |
| EGI | $178.2k | $41.51 |
| − OpEx | −$53.5k | −$12.45 |
| NOI | $124.7k | $29.06 |
4,292 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,725 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,816 @ 7.0% cap · market cap 5.75%
Theoretical Best
Warehouse
$3.41M
$2.98M – $3.98M
NOI $238,643 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit residential income property with three 2-bedroom units and one 1-bedroom unit.
Where is this quadplex located?
The property is located at 2916 Curtis Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $2,030,000.
What are key features of this property?
This property features: Four‑unit apartment building (1971) with three 2 bed, 1 bath units and one 1 bed, 1 bath unit; Capital improvements include roof upgrade, new washer/dryer, new hot water tank, and fresh exterior paint; Upgraded electrical panels plus new railings
