Eight-Unit Apartment
For Sale
$2,595,000
736 Cedar Street, Redwood City, CA 94063
Multifamily property with upgraded electrical service, on-site parking, laundry hookups, and tenant storage sheds.
Property Size5,310 SF
Lot Size0.23 Acres
Price / SF$488.70
Days on Market242
Property Features for 736 Cedar Street
General Information
Standard status
Active
Size
5,310 SF
Total Parking Spaces
10
Lot size
0.23 Acres
Property subtype
Residential Income / 5 or More Units
Units
Unit Mix
4 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
8
Amenities
laundry room
storage sheds
Concrete Perimeter
Building Details
Year Built
1946
Buildings
1
Listing Agency:
Compass
Listed By:
Marshall Ward · License #01919391
(415) 299-1124
Source:
Compass
Added: Feb 19
Changed: Oct 10
Last Checked: Oct 16 at 11:18AM
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 Compass
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 property contains eight apartment units arranged as four two-bedroom, one-bathroom residences and four one-bedroom, one-bathroom residences. Building improvements include a 2025 TPO roof, upgraded Square D main electrical service, and 125-amp subpanels serving the individual units. The property also includes a dedicated laundry room with washer and dryer hookups, along with three large storage sheds used by tenants.
The 10,000-square-foot double-wide lot provides ten on-site parking spaces and is located at 736 Cedar Street in Redwood City, within the Peninsula. The property was built in 1946. The expansive site may offer potential for ADU additions, subject to applicable approvals and requirements.
The 10,000-square-foot double-wide lot provides ten on-site parking spaces and is located at 736 Cedar Street in Redwood City, within the Peninsula. The property was built in 1946. The expansive site may offer potential for ADU additions, subject to applicable approvals and requirements.
Key Highlights
- Eight units: four 2‑bedroom/1‑bath units and four 1‑bedroom/1‑bath units
- 2025 TPO roof
- Upgraded Square D main electrical service with 125‑amp subpanels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,523
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,890,460
$2.9M
Cap Rate 7%
$2,064,614
$2.1M
Cap Rate 9%
$1,605,811
$1.6M
Market Conditions
NOI Build-Up for 5,310 SF
Gross rent
$277.2K $52.20/SF
− Vacancy
−$14.4K −$2.71/SF
EGI
$262.8K $49.49/SF
− OpEx
−$118.2K −$22.27/SF
NOI
$144.5K $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%
$2,890,460
Cap Rate 7%
$2,064,614
Cap Rate 9%
$1,605,811
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.81M – $2.41M
NOI $144,523 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.22M
$3.69M – $4.92M
NOI $295,246 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,375
Businesses Nearby
Explore this area
Business Placement
Demographics for 94063, CA
35,836
Population
12,162
Households
2.9
Avg Household Size
34
Median Age
35%
College-Educated
74%
High-School Grad
6.5 sq mi
ZIP Area
5,513
Density / Sq Mi
$115,528
Median Household Income
$50,960
Median Earnings
$2,802
Median Rent
$1,077,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with upgraded electrical service, on-site parking, laundry hookups, and tenant storage sheds.
Where is this apartment building located?
The property is located at 736 Cedar Street Redwood City, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Eight units: four 2‑bedroom/1‑bath units and four 1‑bedroom/1‑bath units; 2025 TPO roof; Upgraded Square D main electrical service with 125‑amp subpanels
