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    616 Canyon Rd, Unit REDWOOD CITY Redwood City, CA 94062

    For Sale
    $9,980,000

    24-unit apartment building in Redwood City with recent upgrades.

    Property size:
    20,832 SF

    Property Features for 616 Canyon Rd

    General Information

    Standard status
    Active
    Size
    20,832 SF

    Building Details

    Year built
    1963

    Source: MARCUS & MILLICHAP Agent ROBERT JOHNSTON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redwood City 24-Unit Apartment Building

    Located in Redwood City, California, 616 Canyon Rd is a 24-unit apartment community. Constructed in 1963, this podium-style building features a modern design and durable construction. The property has a gross building area of approximately 20,832 square feet and is situated on a 16,422 square foot parcel of land. It offers two-bedroom, one-bedroom, and studio floor plans, with select units featuring private balconies. Tenant amenities include storage lockers, private garage parking, and a shared on-site laundry facility. The property has undergone recent capital improvements, including fresh paint, SB721 compliance, and façade upgrades. Situated one block from Emerald Hills, the property is near Downtown Redwood City, which offers shopping, dining, and entertainment options. The Redwood City Caltrain Station, U.S. Hwy-101, I-280, the San Mateo-Hayward Bridge and the Dumbarton Bridge are also in close proximity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redwood City
    County
    San Mateo
    State
    California
    Longitude
    -122.258899
    Latitude
    37.471813

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      Redwood City Apartment Community

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    FAQs

    What type of property is this?
    Apartment building - 24-unit apartment building in Redwood City with recent upgrades.
    Where is this apartment building located?
    The property is located at 616 Canyon Rd, Unit REDWOOD CITY Redwood City, CA.
    What is the asking price?
    The asking price for this property is $9,980,000.
    What are key features of this property?
    This property features: - Prime location in Redwood City, near Emerald Hills and Downtown Redwood City, offering convenient access to shopping, dining, and entertainment.; - Excellent transportation access via Redwood City Caltrain Station, U.S. Hwy-101, I-280, the San Mateo-Hayward Bridge and the Dumbarton Bridge.; - Well-maintained 24-unit apartment community with recent capital improvements including fresh paint, SB721 compliance, and façade upgrades.
    (650) 391-1700
    Request Owner's contact information
    616 Canyon Rd, Unit REDWOOD CITY Redwood City, CA 94062
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    Redwood City, CA 94062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Canyon Rd, Unit REDWOOD CITY Redwood City, CA 94062
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