154 Poplar Avenue
Redwood City, CA 94061
0.13 acres | #ML81997635
Description
Prime 5-unit apartment building. Excellent unit mix: (3) 2+1, (2) 1+1. 5.78% DAY ONE CAP RATE. 11.97 DAY ONE GRM. Outstanding cash flow and strong in-place RUBS & laundry income. Ideally located west of the El Camino Real in close proximity to all the dining, shopping & entertainment amenities of downtown Redwood City. Strategically positioned between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination for businesses, residents, and visitors. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.
Property Details
- Property SubtypeCommercialSale
- Date ClosedMay 15, 2025
- Original List Price$1,995,000
- MLS #ML81997635
- MLS #ML81997635
- CountySan Mateo
- Property TypePurchase
- Taxes Annual$22,170
- Cost1995000
- Acres0.1263
- Utility SourcePublic
- School DistrictOther
- Year Built1964
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Matthew Thomson (#ML5100314)
Listing Office: Compass (#ML5009331)
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