1035 Adams St Redwood City, CA 94061
- Apartment buildings
- 5,674 SF
- 0.21 lot acres
Current Use by Public Records
- Hotel / Hotel
Property Details for 1035 Adams St
- Year built
- 1945
- Lot size
- 0.21 lot acres
- Property size
- 5,674 SF
- Property type
- Apartment buildings
- APN
- 053-094-170
- APU
- 53094170
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,530,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,510,000
- 6.5%
- $2,445,000
- 7%
- $2,235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,450,000
- Geo Method
- $2,475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,195,000
- Retail
- $2,090,000
- Mixed-Use
- $2,280,000
- Hospitality
- $1,945,000
- Educational
- $2,135,000
- Residential Income
- $2,505,000
- Energy
- $1,815,000
- Income-Based Land
- $2,245,000
- Food Service
- $2,380,000
Location Insight
- Map
- Local Demand
- City
- Redwood City
- County
- San Mateo
- State
- California
- Longitude
- -122.227
- Latitude
- 37.4786
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
