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PRICE REDUCTION | 5.15% CAP RATE DOWNTOWN RWC 217 Alden St Immeuble residentiel 5 lots 2 021 769 € (404 354 €/Lot) Taux de capitalisation 5,15 % Redwood City, CA 94063
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Fully occupied 5-unit multifamily property (±4,992 SF) with an all 2BD/1BA unit mix on a ±5,000 SF lot
- Located blocks from downtown Redwood City, the Caltrain station, and Sequoia Station retail — walkable, transit-rich location
- Below-market in-place rents with clear upside: pushing units to market rate and implementing RUBS (All garage spaces are empty)
- $178,620 gross annual rent and $120,977 NOI, a 5.15% cap rate at the list price
- Strong tenant demand base from Oracle, Electronic Arts, Box, and Stanford in Redwood City
- R-5 high-density zoning in a severely supply-constrained Mid-Peninsula rental market
Résumé analytique
217 Alden Street is a fully occupied, five-unit multifamily investment offering immediate cash flow and a clear value-add path in one of the Peninsula's most supply-constrained rental markets. All five units are two-bedroom/one-bath, generating $178,620 in gross annual rent and $120,977 in NOI (5.15% cap rate) at the $2,348,000 asking price.
Located just blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district, the property benefits from a highly walkable location and strong, durable tenant demand driven by nearby employers including Oracle, Electronic Arts, and Box, as well as Stanford in Redwood City. Current rents remain below market.
All indoor garage spaces remain empty, allowing for storage income potential. With R-5 high-density zoning, a defensible in-place cash flow profile, and meaningful mark-to-market upside, 217 Alden Street offers investors a durable, income-producing hold in a constrained Mid-Peninsula housing market with a straightforward path to increased returns through unit turnover.
Located just blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district, the property benefits from a highly walkable location and strong, durable tenant demand driven by nearby employers including Oracle, Electronic Arts, and Box, as well as Stanford in Redwood City. Current rents remain below market.
All indoor garage spaces remain empty, allowing for storage income potential. With R-5 high-density zoning, a defensible in-place cash flow profile, and meaningful mark-to-market upside, 217 Alden Street offers investors a durable, income-producing hold in a constrained Mid-Peninsula housing market with a straightforward path to increased returns through unit turnover.
Informations sur l’immeuble
| Prix | 2 021 769 € | Classe d’immeuble | C |
| Prix par lot | 404 354 € | Surface du lot | 0,05 ha |
| Type de vente | Investissement | Surface de l’immeuble | 465 m² |
| Taux de capitalisation | 5,15 % | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 13.15 | Nb d’étages | 2 |
| Nb de lots | 5 | Année de construction | 1946 |
| Type de bien | Immeuble residentiel | Ratio de stationnement | 0,09/1 000 m² |
| Sous-type de bien | Appartement | ||
| Zonage | R-5 | ||
| Prix | 2 021 769 € |
| Prix par lot | 404 354 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,15 % |
| Multiplicateur du loyer brut | 13.15 |
| Nb de lots | 5 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Classe d’immeuble | C |
| Surface du lot | 0,05 ha |
| Surface de l’immeuble | 465 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction | 1946 |
| Ratio de stationnement | 0,09/1 000 m² |
| Zonage | R-5 |
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 2+1 | 5 | - | 93 |
1 1
Moyennement praticable à pied
70/100
Très bien adapté aux voitures
80/100
Bons transports en commun
60/100
Moyennement praticable en vélo
60/100
Taxes foncières
| Numéro de parcelle | 052-274-080 | Évaluation des aménagements | 312 195 € |
| Évaluation du terrain | 133 778 € | Évaluation totale | 445 972 € |
Taxes foncières
Numéro de parcelle
052-274-080
Évaluation du terrain
133 778 €
Évaluation des aménagements
312 195 €
Évaluation totale
445 972 €
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PRICE REDUCTION | 5.15% CAP RATE DOWNTOWN RWC | 217 Alden St
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