238 Poplar Ave Redwood City, CA 94061-3099
Property profile & analytics
238 Poplar Ave Redwood City, CA 94061-3099
- Apartment buildings
- 0.13 lot acres
Property ID
US09-8582316
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 238 Poplar Ave
- Lot size
- 0.13 lot acres
- Zone code
- R40000
- Property type
- Apartment buildings
- APN
- 053-282-380
- APU
- 53282380
Description
This exceptional value-add multifamily investment opportunity in Redwood City, CA, presents seven spacious two-bedroom, two-bathroom units, each averaging approximately 1,000 square feet. The property boasts a total of 7,000 square feet of net rentable space across four buildings on a 0.39-acre lot, zoned R4. Built in 1979, the property currently enjoys an 85% occupancy rate, generating a Net Operating Income (NOI) of $152,968 and a 4.03% cap rate. The asking price is $3,800,000, translating to $542,857 per unit and $542.86 per square foot. Ample parking is provided with two spaces per unit (14 total spaces). The property's prime location near major tech employers in Silicon Valley, coupled with Redwood City's thriving economy and proximity to downtown amenities, ensures strong rental demand and potential for future appreciation. The land value alone is estimated at $223 per square foot. This property offers a compelling combination of immediate cash flow and long-term growth potential in a highly desirable location. APN numbers are 053-282-390, 053-282-380, and 053-282-370. There is no ground lease.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Redwood City
- County
- San Mateo
- State
- California
- Longitude
- -122.224
- Latitude
- 37.4745
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,970
$27,609
$679,505
$707,114
-
$0.00
$0.00
$0.00
