309-315 Oak AVE, Redwood City, CA 94061
- $6,000,000
- 11,600
- SqFt
Listed by Nate Gustavson, 415-786-9410 from Compass
(If provided) CoList: Cameron Foster from Compass
Sold listing courtesy of Nate Gustavson from PAGCB
- Sold Price
- $6,000,000
- List Price
- $6,250,000
- Closing Date
- Aug 25, 2025
- MLS#
- ML82007546
- Status
- SOLD
- Sqft. of Residence
- 11,600
- Lot Size
- 19,190
- Listing Area
- Central Park Etc.
- Year Built
- 1956
Property Description
The Oak Court Apartments are a rare twenty (20) unit multifamily investment opportunity ideally situated in the heart of Redwood City. This well-maintained property spans two adjacent parcels and features a highly desirable unit mix: eighteen (18) spacious 1-bedroom/1-bath units, one (1) 3-bedroom/2-bath unit with a private patio, and one efficient studio unit. The buildings offer a combined 11,600 square feet of rentable space on a 19,190-square-foot lot, with attractive amenities including a secured fenced-in pool, owned coin-operated laundry facilities, and twenty (20) on-site parking spaces (19 covered). Constructed in 1956 and thoughtfully updated over timeincluding a new Thermo Plastic Olefin (TPO) roof in 2017The Oak Court Apartments provide residents with comfortable living and convenient access to nearby essentials. Each unit is individually metered for gas and electricity, adding efficiency and flexibility for future management. With a strong in-place income of over $548,000 annually, a 5.50% current cap rate, and attractive rental upside potential, this turnkey asset is perfect for both seasoned investors and 1031 exchange buyers.
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Additional Information
- Acres
- 0.44
- Age
- 69
- Building Name
- Oak Court Apartments
- Cooling System
- Ceiling Fan
- Floor Covering
- Carpet, Laminate
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Carport, Covered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 11,600
- Lot Size
- 19,190
- Neighborhood
- Central Park Etc.
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Pool Description
- Pool - In Ground
- Roof
- Elastomeric
- Sewer
- Sewer - Public, Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- R40000
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