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    1035 Adams St Redwood City, CA 94061

    Sponsored
    For Sale
    $3,200,000

    8-Unit Apartment Building, Excellent Value

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents an eight-unit apartment building located at 1035 Adams St, Redwood City, CA 94061. The property, built in 1945 and boasting 100% occupancy, offers a compelling mix of unit types. The main structure features a two-bedroom, two-bathroom single-family home, while the rear of the property comprises seven individual units: four one-bedroom, one-bathroom units and three studio units. This Class C multifamily property is priced at $3,200,000, representing an attractive price per unit of $400,000. The property's APN is 053-094-170. Water and garbage services are included in the property expenses, while tenants are responsible for PG&E and other utilities. Situated in the heart of Silicon Valley, Redwood City offers a robust economy, a strong job market, and a thriving tech industry, making this a highly desirable location for rental income. The city also provides numerous amenities, including museums, theaters, excellent schools, parks, and recreational facilities. This property presents a significant value-add opportunity for discerning investors seeking a strong return in a prime location. The property's strong occupancy rate and desirable unit mix contribute to its overall appeal. This is a rare chance to acquire a well-positioned multifamily asset in a highly sought-after California market.

    Property Features for 1035 Adams St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Built
    1945
    Units
    8

    HighLights

    • Eight‑unit apartment building in Redwood City, CA.
    • 100% occupancy with a mix of studio, one‑bedroom, and two‑bedroom units.
    • $3,200,000 asking price, $400,000 per unit.
    • Built in 1945, APN 053‑094‑170.
    • Water and garbage included; tenants pay PG&E and other utilities.
    • Prime Silicon Valley location with strong rental demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotel Hotel

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    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
    -122.2268923
    Latitude
    37.478543

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Building, Excellent Value
    Where is this multifamily property located?
    The property is located at 1035 Adams St Redwood City, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Eight-unit apartment building in Redwood City, CA.; 100% occupancy with a mix of studio, one-bedroom, and two-bedroom units.; $3,200,000 asking price, $400,000 per unit.
    Request Owner's contact information
    1035 Adams St Redwood City, CA 94061
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    Redwood City, CA 94061
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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
    1035 Adams St Redwood City, CA 94061
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