$2,348,000
FOR SALEActive217 Alden Street
Redwood City CA 94063
4,992
SF
Commercial
Type
1946
Built
$470/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Well-Located Apartment Investment ±4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a ±5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City · Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.
Property Information
Property Overview
Commercial
Property Type
Active
Status
r5
Zoning
0.1148 acres
Lot Size
4,992 SF
Square Footage
$470.35/SF
Price per SF
$27,517
Annual Tax
1,946
Year Built
5
Parking Total
1.00
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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Sold $3,000,000SOLD5,944 SF146 Madison AvenueSold Nov 2025Compass | DRE #01471708Buyer's agent: Regan Cherrington, KW Advisors | DRE #02116601
Sold $6,000,000SOLD11,600 SF309315 Oak AvenueSold Aug 2025Compass | DRE #01898316Buyer's agent: Nate Gustavson, Compass | DRE #01898316
Sold $2,832,000SOLD4,472 SF645 Elm StreetSold Jul 2025Marcus & Millichap | DRE #02060059Buyer's agent: Cole Simpson, Marcus & Millichap | DRE #02016525
Closed commercial sales reported, newest first.
CRMLS
MLS# ML82054736
Listed:
Nalren refreshed:
Last updated
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Listed by: Corcoran Icon Properties
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.