2804 Curtis Ave 4 Unit Apartment Building $2,140,942 CAD ($535,235 CAD/Unit) 4.58% Cap Rate Redwood City, CA 94063
INVESTMENT HIGHLIGHTS
- Located in the strong economic engine of Redwood City with globally recognized businesses and abundant employment opportunities.
- Middlefield Road, from Fifth Ave to Third Ave, has undergone an urban renewal project that includes street improvements and utility system upgrades.
- On-site parking includes four carport spaces and two additional parking spots along with street parking.
- Two of the units have been renovated with new paint, flooring, and kitchen cabinets.
EXECUTIVE SUMMARY
The Azucena Group presents 2804 Curtis Ave. a four-unit multifamily property near Downtown Redwood City. The unit mix consists of (4) 1 bedroom and 1 bathroom units. The property offers ample parking and a prime location, providing easy access to the key attractions of Redwood City. It's also located two blocks from Middlefield Road, which has developed a community and undergone a significant urban renewal project, including road improvements and utility upgrades. Strategically located between San Francisco and San Jose, Redwood City is a highly desirable destination for both investors and residents. Surrounded by new development, Redwood City continues to grow its economic and employment base ensuring long term rent growth and appreciation. With a median home price exceeding $1.87 million (as of March 2025), homeownership remains out of reach for most, fueling strong rental demand.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
|
PROPERTY FACTS
| Price | $2,140,942 CAD |
| Price Per Unit | $535,235 CAD |
| Sale Type | Investment |
| Cap Rate | 4.58% |
| Gross Rent Multiplier | 14.56 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1/1,000 SF |
UNIT AMENITIES
- Kitchen
- Family Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 520 |
1 of 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 054-213-020 | Improvements Assessment | $306,794 CAD (2023) |
| Land Assessment | $1,764,074 CAD (2023) | Total Assessment | $2,070,868 CAD (2023) |
ZONING
| Zoning Code | R300S5, Redwood City |
