Redwood City Four-Unit Apartment
545 Hampshire Ave, Redwood City, CA 94063
Four-unit apartment in Redwood City with attractive unit mix.
Type:Multifamily
Property size:
3,200 SFPrice / SF:
$508/SF- Added:
- Mar 10, 2026
- Days on Market:
- 68
- Last Refresh:
- Mar 19 at 10:29 pm
Property Features for 545 Hampshire Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing agent Eymon Binesh License #CA 02060059
Listing office Marcus & Millichap - Palo Alto (650) 391-1700
Listing date Mar 10, 2026
Source Crexi
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 - Palo Alto
HighLights
- Prime Redwood City location on the Peninsula, near major employers, transit, and downtown amenities.
- Attractive unit mix: one 2‑bedroom/1‑bath and three 1‑bedroom/1‑bath units.
- Offered at a low price point for a fourplex in the Bay Area.
- Nearly 5% cap rate with current income.
- Ability to secure attractive residential financing.
- Stable asset with strong long‑term upside potential.
Overview
Located in the heart of Redwood City, 545 Hampshire Avenue is a four-unit apartment property situated on the Peninsula. The property features a unit mix of one two-bedroom/one-bath unit and three one-bedroom/one-bath units. The property is positioned in a commuter-friendly location near major employers, transit, and downtown Redwood City amenities. This property offers investors a stable Peninsula asset.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.03M
NOI $92,991 @ 9.00% cap · cautious / downside scenario
Moderate
$1.33M
NOI $92,991 @ 7.00% cap · market / base-case scenario
Aggressive
$1.86M
NOI $92,991 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.1k | $44.40 |
| − Vacancy | −$9.2k | −$2.89 |
| EGI | $132.8k | $41.51 |
| − OpEx | −$39.9k | −$12.45 |
| NOI | $93.0k | $29.06 |
3,200 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $92,991 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,095 @ 7.0% cap · market cap 5.35%
Theoretical Best
Warehouse
$2.54M
$2.22M – $2.97M
NOI $177,926 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Redwood City
- County
- San Mateo
- State
- California
- Longitude
- -122.208165
- Latitude
- 37.477749
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit apartment in Redwood City with attractive unit mix.
Where is this quadplex located?
The property is located at 545 Hampshire Ave Redwood City, CA.
What is the asking price?
The asking price for this property is $1,628,000.
What are key features of this property?
This property features: Prime Redwood City location on the Peninsula, near major employers, transit, and downtown amenities.; Attractive unit mix: one 2‑bedroom/1‑bath and three 1‑bedroom/1‑bath units.; Offered at a low price point for a fourplex in the Bay Area.
