154 Poplar AVE, Redwood City, CA 94061
- $1,945,000
- 5,050
- SqFt
Listed by Matthew Thomson, 650-515-6555 from Compass
(If provided) CoList: Steve Zirelli from Cornish & Carey Commercial
Sold listing courtesy of Larry Aikins from TERA
- Sold Price
- $1,945,000
- List Price
- $1,995,000
- Closing Date
- May 14, 2025
- MLS#
- ML81997635
- Status
- SOLD
- Sqft. of Residence
- 5,050
- Lot Size
- 5,500
- Listing Area
- Central Park Etc.
- Year Built
- 1964
Property 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.
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Additional Information
- Acres
- 0.13
- Age
- 61
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Attached Garage, Carport
- Heating System
- Gas
- Living Area
- 5,050
- Lot Size
- 5,500
- Neighborhood
- Central Park Etc.
- Other Utilities
- Public Utilities
- Roof
- Flat / Low Pitch
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R3
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