41-Unit Apartment
For Sale
Contact for pricing
472-480 Lincoln Circle 1524-1534 Willow St & 1131 Warren St 1548 Hudson St 3550 Chestnut Ave Millbrae Martinez Redwood City, Concord, CA 94030
Four apartment communities can be acquired together, by county-based sub-portfolio, or individually.
Property Size46,165 SF
Price / SF$309.22
Days on Market61
Property Features for 472-480 Lincoln Circle 1524-1534 Willow St & 1131 Warren St 1548 Hudson St 3550 Chestnut Ave Millbrae Martinez Redwood City
General Information
Standard status
Active
Size
46,165 SF
Property subtype
Multifamily
Building Details
Units
41
Listing Agency:
Colliers - Oakland, California
Listed By:
Ryan Rodriguez · License #CA 01304358
(510) 986-6770
Source:
Crexi
Added: Aug 19
Changed: Oct 15
Last Checked: Oct 16 at 8:52AM
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 Colliers - Oakland, California
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily offering combines four apartment communities with 41 units and approximately 46,165 square feet across Millbrae, Redwood City, Martinez, and Concord. Individual properties range from 8 to 15 units, with the Martinez asset consisting of three buildings on one parcel. The portfolio can be purchased as a single offering, separated into San Mateo County and Contra Costa County sub-portfolios, or acquired property by property.
The Millbrae community at 472-480 Lincoln Circle is approximately one mile from the Millbrae Intermodal Station, where BART connects with Caltrain. The Concord property at 3550 Chestnut Avenue is about one mile from Concord BART. Martinez locations are approximately half a mile from Contra Costa Regional Medical Center and less than one mile from the Martinez Amtrak platform. The San Mateo County sub-portfolio contains 25 units, while the Contra Costa County sub-portfolio contains 16 units.
The Millbrae community at 472-480 Lincoln Circle is approximately one mile from the Millbrae Intermodal Station, where BART connects with Caltrain. The Concord property at 3550 Chestnut Avenue is about one mile from Concord BART. Martinez locations are approximately half a mile from Contra Costa Regional Medical Center and less than one mile from the Martinez Amtrak platform. The San Mateo County sub-portfolio contains 25 units, while the Contra Costa County sub-portfolio contains 16 units.
Key Highlights
- 41 units across four apartment communities
- Approximately 46,165 square feet spanning Millbrae, Redwood City, Martinez, and Concord
- Available as a complete offering, county‑based sub‑portfolios, or individual assets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$732,320
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,646,400
$14.6M
Cap Rate 7%
$10,461,714
$10.5M
Cap Rate 9%
$8,136,889
$8.1M
Market Conditions
NOI Build-Up for 46,165 SF
Gross rent
$1.40M $30.36/SF
− Vacancy
−$70.1K −$1.52/SF
EGI
$1.33M $28.84/SF
− OpEx
−$599.2K −$12.98/SF
NOI
$732.3K $15.86/SF
Area
Concord, CA
Vacancy
5.00%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,646,400
Cap Rate 7%
$10,461,714
Cap Rate 9%
$8,136,889
Alternative Uses
Best Use
Apartment 5plus
$10.46M
$9.15M – $12.21M
NOI $732,320 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.29M
$9.88M – $13.17M
NOI $790,385 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 94030, CA
23,212
Population
8,566
Households
2.7
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
3.4 sq mi
ZIP Area
6,827
Density / Sq Mi
$157,567
Median Household Income
$74,128
Median Earnings
$3,401
Median Rent
$1,929,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four apartment communities can be acquired together, by county-based sub-portfolio, or individually.
Where is this apartment building located?
The property is located at 472-480 Lincoln Circle 1524-1534 Willow St & 1131 Warren St 1548 Hudson St 3550 Chestnut Ave Millbrae Martinez Redwood City Concord, CA.
What is the asking price?
The asking price for this property is $14,275,000.
What are key features of this property?
This property features: 41 units across four apartment communities; Approximately 46,165 square feet spanning Millbrae, Redwood City, Martinez, and Concord; Available as a complete offering, county‑based sub‑portfolios, or individual assets
