154 Poplar Avenue, Redwood City, CA 94061
Commercial property · 2 recorded sales since 2013
Sold May 2025
Listing Agent: Matthew Thomson (DRE #01471708) · Listing Office: Compass · Contact: (415) 874-5000 · Bought with: Larry Aikins · Terrace Associates · MLS #ML81997635 · Source: CRMLS
How this sale compares
154 Poplar Avenue sold for $1,945,000 in May 2025, 2.5% under its $1,995,000 list price, after 23 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
Prime 5-unit apartment building. Excellent unit mix: (3) 2+1, (2) 1+1. 5.78% DAY ONE CAP RATE. 11.97 DAY ONE GRM. Outstanding cash flow and strong in-place RUBS & laundry income. Ideally located west of the El Camino Real in close proximity to all the dining, shopping & entertainment amenities of downtown Redwood City. Strategically positioned between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination for businesses, residents, and visitors. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.
Listing description from the May 2025 sale, as reported to CRMLS.
Sale history
