238 Poplar Ave
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238 Poplar Ave
7 Unit Apartment Building $3,800,000 ($542,857/Unit) 4.03% Cap Rate Redwood City, CA 94061
Executive Summary
*Due diligence available upon request.
Jimmy and AJ are pleased to present, 238 Poplar Ave, a standout investment opportunity located near the heart of Redwood City, CA. This multifamily property features seven spacious 2-bedroom, 2-bathroom units, highly sought after by renters looking for space and comfort. Each unit includes a private balcony, adding appeal to the residences. The property spans three parcels and includes 11 parking spaces, thoughtfully arranged under carports and tuck-under parking. In a market where the median single-family home price is $1.8 million (according to Redfin), this multifamily asset allows investors to leverage high property values while catering to the growing demand for quality rental housing.
Jimmy and AJ are pleased to present, 238 Poplar Ave, a standout investment opportunity located near the heart of Redwood City, CA. This multifamily property features seven spacious 2-bedroom, 2-bathroom units, highly sought after by renters looking for space and comfort. Each unit includes a private balcony, adding appeal to the residences. The property spans three parcels and includes 11 parking spaces, thoughtfully arranged under carports and tuck-under parking. In a market where the median single-family home price is $1.8 million (according to Redfin), this multifamily asset allows investors to leverage high property values while catering to the growing demand for quality rental housing.
Property Facts
| Price | $3,800,000 | Apartment Style | Low Rise |
| Price Per Unit | $542,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 4.03% | Building Size | 7,000 SF |
| Gross Rent Multiplier | 16.4 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,800,000 |
| Price Per Unit | $542,857 |
| Sale Type | Investment |
| Cap Rate | 4.03% |
| Gross Rent Multiplier | 16.4 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 7,000 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 7 | - | - |
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Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $666,182 | |
| Land Assessment | $77,880 | Total Assessment | $744,062 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$77,880
Improvements Assessment
$666,182
Total Assessment
$744,062
zoning
| Zoning Code | R40000 |
| R40000 |
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238 Poplar Ave
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