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Mixed USE- Apartment& Restaurant-100% occ. 2391-2395 Spring St 6 Unit Apartment Building $2,781,808 CAD ($463,635 CAD/Unit) 5.33% Cap Rate Redwood City, CA 94063

Apartment Buildings California Redwood City 2391-2395 Spring St, 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.

Attachments

2393-Spring-For-Sale

Property Facts

Price $2,781,808 CAD Building Class C
Price Per Unit $463,635 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 $2,781,808 CAD
Price Per Unit $463,635 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.

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Unit Mix Information

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

Links

1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Source: Local Logic®

Property Taxes

Parcel Number 054-081-080 Improvements Assessment $271,628 CAD
Land Assessment $3,225,917 CAD Total Assessment $3,497,545 CAD

Property Taxes

Parcel Number
054-081-080
Land Assessment
$3,225,917 CAD
Improvements Assessment
$271,628 CAD
Total Assessment
$3,497,545 CAD
(650) 600-1892

Still interested?

Contact the broker for more information about this property

Contact

  • Joe Cain
    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

The Redwood Village Multifamily Property at 2391-2395 Spring St, Redwood City, CA 94063 is currently available. Contact Valley Research Park for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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Mixed USE- Apartment& Restaurant-100% occ. | 2391-2395 Spring St
(650) 600-1892 x

Mixed USE- Apartment& Restaurant-100% occ. | 2391-2395 Spring St

Joe Cain
(650) 600-1892

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