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217 Alden St
Redwood City, CA 94063 Centennial

$2,500,000 USD

Apartments For Sale  •  7,326 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,000 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1946
  • Zoning R-5
60 Transit Score
70 Walk Score

Highlights

Fully occupied 5-unit multifamily property (±4,992 SF) with an all 2BD/1BA unit mix on a ±5,000 SF lot
$178,620 gross annual rent and $117,528 NOI, a 4.70% cap rate at the list price
Located blocks from downtown Redwood City, the Caltrain station, and Sequoia Station retail — walkable, transit-rich location
Strong tenant demand base from Oracle, Electronic Arts, Box, and Stanford in Redwood City
Below-market in-place rents with clear upside: pushing units to ±$3,700/month market rate yields ±$222,000 in gross income and a ~5.99% pro forma cap
R-5 high-density zoning in a severely supply-constrained Mid-Peninsula rental market

Public Transportation

Commuter RailDriveWalkDistance
1 min 6 min 0.3 mi
6 min - 2.2 mi
Transit/SubwayDriveWalkDistance
Redwood City (Caltrain - Caltrain (Caltrain)) 2 min 7 min 0.4 mi
AirportDriveWalkDistance
San Francisco International 20 min - 14.2 mi
Norman Y Mineta San Jose International 27 min - 20.1 mi
Metro Oakland International 39 min - 29.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Diego Labutay 650-281-8877 Catalyst Commercial Partners
Diego Labutay 650-281-8877 Catalyst Commercial Partners