Duplex with Separate
For Sale
$1,495,000
823 Cedar ST, Redwood City, CA 94063
Updated two-unit property with private fenced yards, separate garages, and convenient access to downtown Redwood City.
Property Size1,960 SF
Days on Market84
Property Features for 823 Cedar ST
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17,907
Amenities
updated eat-in kitchens
modern bathrooms
large rooms
private fenced yard
Building Details
Building Size
1,960 SF
Year Built
1950
Listing Agency:
Compass
Listed By:
Judy Decker · License #01199563
(650) 799-4294
Source:
Johnpaye
Added: Jul 16
Changed: Sep 29
Last Checked: Oct 5 at 10:52PM
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
Investment Insights
Based on property information with market context.
This duplex contains 1,960 square feet across two distinct units, each offering spacious rooms, an eat-in kitchen, and updated bathroom finishes. The units have no connecting walls, providing physical separation between residences. Each side also includes its own garage and private fenced yard.
The property is located in Redwood City, within a short walk of downtown restaurants and entertainment. Both units have been privately rented to the owner's family and employees, providing an established rental history within the current ownership arrangement.
The property is located in Redwood City, within a short walk of downtown restaurants and entertainment. Both units have been privately rented to the owner's family and employees, providing an established rental history within the current ownership arrangement.
Key Highlights
- Two‑unit duplex totaling 1,960 square feet
- Updated eat‑in kitchens and modern bathrooms in both units
- No connecting walls between the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,957
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,140
$1.1M
Cap Rate 7%
$813,671
$813.7K
Cap Rate 9%
$632,856
$632.9K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$87.0K $44.40/SF
− Vacancy
−$5.7K −$2.89/SF
EGI
$81.4K $41.51/SF
− OpEx
−$24.4K −$12.45/SF
NOI
$57.0K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,140
Cap Rate 7%
$813,671
Cap Rate 9%
$632,856
Alternative Uses
Best Use
Multifamily LT 5
$813.7K
$712.0K – $949.3K
NOI $56,957 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$762.1K
$666.8K – $889.1K
NOI $53,345 @ 7.0% cap · market cap 3.57%
Theoretical Best
Warehouse
$1.56M
$1.36M – $1.82M
NOI $108,980 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with private fenced yards, separate garages, and convenient access to downtown Redwood City.
Where is this duplex located?
The property is located at 823 Cedar ST Redwood City, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,960 square feet; Updated eat‑in kitchens and modern bathrooms in both units; No connecting walls between the units
