10-Unit Apartment
New
For Sale
$5,288,000
467 Clinton St, Redwood City, CA 94062
Apartments feature private balconies, stainless-steel appliances, granite countertops, on-site parking, and laundry facilities.
Property Size10,722 SF
Lot Size0.18 Acres
Price / SF$493.19
Days on Market3
Property Features for 467 Clinton St
General Information
Standard status
Active
Size
10,722 SF
Lot size
0.18 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Cap Rate
4.38%
Multifamily Units
10
Amenities
laundry facilities
Unparalleled Redwood City Investment Opportunity: Invest in a well-located asset in one of Redwood City's most desirable areas.
Extensive Capital Improvements: Recent upgrades include a new 2026 roof, SB 721 balcony compliance, and upgraded electrical panels.
Desirable Unit Mix: Modern one- and two-bedroom units featuring desirable amenities and private balconies.
Walking Distance to Vibrant Downtown Redwood City: Located 0.5 miles from downtown Redwood City dining, shopping, and entertainment.
Building Details
Year Built
1964
Listing Agency:
Marcus & Millichap
Listed By:
Cole Simpson · License #License(s): CA: 02016525
(650) 391-1735
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Nov 1 at 2:23AM
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
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Investment Insights
Based on property information with market context.
This 10-unit apartment property was built in 1964 and contains approximately 10,722 square feet of gross building area on an 8,007-square-foot parcel. Floor plans include one- and two-bedroom apartments. Unit features include stainless-steel appliances, granite countertops, dual-pane windows, recessed lighting, hardwood floors, and private balconies. Parking and laundry facilities serve the property.
Downtown Redwood City and the Redwood City Caltrain Station are within walking distance. U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge, and the Dumbarton Bridge are also accessible from the property.
Downtown Redwood City and the Redwood City Caltrain Station are within walking distance. U.S. Route 101, Interstate 280, the San Mateo-Hayward Bridge, and the Dumbarton Bridge are also accessible from the property.
Key Highlights
- 10 apartments in one- and two‑bedroom layouts
- Approximately 10,722 square feet of gross building area on an 8,007‑square‑foot parcel
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$291,822
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,836,440
$5.8M
Cap Rate 7%
$4,168,886
$4.2M
Cap Rate 9%
$3,242,467
$3.2M
Market Conditions
NOI Build-Up for 10,722 SF
Gross rent
$559.7K $52.20/SF
− Vacancy
−$29.1K −$2.71/SF
EGI
$530.6K $49.49/SF
− OpEx
−$238.8K −$22.27/SF
NOI
$291.8K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,836,440
Cap Rate 7%
$4,168,886
Cap Rate 9%
$3,242,467
Alternative Uses
Best Use
Apartment 5plus
$4.17M
$3.65M – $4.86M
NOI $291,822 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.52M
$7.45M – $9.94M
NOI $596,163 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 94062, CA
26,689
Population
10,496
Households
2.5
Avg Household Size
45
Median Age
68%
College-Educated
98%
High-School Grad
64.7 sq mi
ZIP Area
413
Density / Sq Mi
$233,333
Median Household Income
$115,938
Median Earnings
$2,885
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments feature private balconies, stainless-steel appliances, granite countertops, on-site parking, and laundry facilities.
Where is this apartment building located?
The property is located at 467 Clinton St Redwood City, CA.
What is the asking price?
The asking price for this property is $5,288,000.
What are key features of this property?
This property features: 10 apartments in one- and two‑bedroom layouts; Approximately 10,722 square feet of gross building area on an 8,007‑square‑foot parcel; Built in 1964
