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Mixed USE- Apartment& Restaurant-100% occ. 2391-2395 Spring St 6 Unit Apartment Building $2,718,948 CAD ($453,158 CAD/Unit) 5.33% Cap Rate Redwood City, CA 94063

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Investment Highlights

Near many new redevelopment projects- residential and Office.

Near Stanford's new Hospital in Redwood City

Executive Summary

MIXED USE: Apartments and Restaurant.
Rent Roll $14,700 per month and rents are under market.
Has 6 garges in stand alone building
Parcel- 12,877sf
Building 6,405sf
Seller Financial possible for qualified buyers.
Zoning M1- light industrial, Retail, Residential.

2393-Spring-For-Sale

Property Facts

Price	$2,718,948 CAD	Building Class	C
Price Per Unit	$453,158 CAD	Lot Size	0.30 AC
Sale Type	Investment	Building Size	6,405 SF
Cap Rate	5.33%	Average Occupancy	100%
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1949/1970
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	0.78/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1 - m1 light industrial: Retail, Residential.

Price	$2,718,948 CAD
Price Per Unit	$453,158 CAD
Sale Type	Investment
Cap Rate	5.33%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.30 AC
Building Size	6,405 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1949/1970
Parking Ratio	0.78/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1 - m1 light industrial: Retail, Residential.

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	1	-	1,286
1+1	4	-	703
2+1	1	-	936

Property Taxes

Parcel Number	054-081-080	Improvements Assessment	$265,490 CAD
Land Assessment	$3,153,021 CAD	Total Assessment	$3,418,511 CAD

Property Taxes

Parcel Number

054-081-080

Land Assessment

$3,153,021 CAD

Improvements Assessment

$265,490 CAD

Total Assessment

$3,418,511 CAD

(650) 600-1892

Contact

Joe Cain
Valley Research Park

Listing ID: 40308299
Date on Market: 2026-04-27
Last Updated:
Address: 2391-2395 Spring St, Redwood City, CA 94063

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