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545 Hampshire Ave 4 Unit Apartment Building $2,270,246 CAD ($567,562 CAD/Unit) 4.84% Cap Rate Redwood City, CA 94063
Executive Summary
Marcus & Millichap is pleased to present 545 Hampshire Avenue, a well-located four-unit apartment property in the heart of Redwood City on the highly sought-after Peninsula. The asset features an attractive unit mix of one two-bedroom/one-bath unit and three one-bedroom/one-bath units, appealing to a broad tenant base. Offered at one of the lowest price points for a fourplex in the Bay Area, the property provides an exceptional entry point for investors, with current income supporting a nearly 5% cap rate and the ability to secure attractive residential financing. Positioned in a prime, commuter-friendly location near major employers, transit, and downtown Redwood City amenities, 545 Hampshire Avenue presents a rare opportunity to acquire a stable Peninsula asset with strong long-term upside.
Property Facts
| Price | $2,270,246 CAD | Apartment Style | Garden |
| Price Per Unit | $567,562 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.84% | Building Size | 3,200 SF |
| Gross Rent Multiplier | 14.07 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R300S3 | ||
| Price | $2,270,246 CAD |
| Price Per Unit | $567,562 CAD |
| Sale Type | Investment |
| Cap Rate | 4.84% |
| Gross Rent Multiplier | 14.07 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,200 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R300S3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 054-246-370 | Improvements Assessment | $1,096,732 CAD |
| Land Assessment | $1,176,303 CAD | Total Assessment | $2,273,035 CAD |
Property Taxes
Parcel Number
054-246-370
Land Assessment
$1,176,303 CAD
Improvements Assessment
$1,096,732 CAD
Total Assessment
$2,273,035 CAD
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545 Hampshire Ave
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