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211-311 Semicircular Dr 10 Unit Apartment Building $5,296,907 CAD ($529,691 CAD/Unit) 5.62% Cap Rate Redwood City, CA 94025
Investment Highlights
- Excellent Unit Mix: (4) 2+1s and (6) 1+1s
- Outstanding in-place rents: Day One 5.62% Cap Rate
- Electrical System is all circuit breakers
- Huge, oversized units with attractive floorplans: Two-Bedroom units are over 1,000 SF / One-Bedroom units are over 800 SF
- Most units fully renovated
- All copper plumbing
Executive Summary
211 Semicircular Road offers an incredible opportunity for an investor to acquire an apartment building with rare 1990 construction in the North Fair Oaks Neighborhood of Menlo Park. The property stands out as the nicest and newest in the neighborhood and directly across the street are newer townhomes adding to the positive growth of the immediate area. The building is strategically positioned between San Francisco & San Jose, ideally located in the heart of Silicon Valley, and minutes from major employers like Meta, Stanford and top tech campuses.
Property Facts
| Price | $5,296,907 CAD | Property Subtype | Apartment |
| Price Per Unit | $529,691 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.62% | Lot Size | 0.26 AC |
| Sale Condition | 1031 Exchange | Building Size | 14,630 SF |
| Gross Rent Multiplier | 11.32 | Average Occupancy | 97% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1990 |
| Zoning | R3, Redwood City | ||
| Price | $5,296,907 CAD |
| Price Per Unit | $529,691 CAD |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.32 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 14,630 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1990 |
| Zoning | R3, Redwood City |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $3,336 CAD | 600 - 807 |
| 2+1 | 4 | $4,678 CAD | 1,033 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 060-092-210 | Improvements Assessment | $1,094,821 CAD |
| Land Assessment | $478,967 CAD | Total Assessment | $1,573,788 CAD |
Property Taxes
Parcel Number
060-092-210
Land Assessment
$478,967 CAD
Improvements Assessment
$1,094,821 CAD
Total Assessment
$1,573,788 CAD
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211-311 Semicircular Dr
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