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33631013
33631014

736 Cedar Street, Redwood City, CA 94063

MW
CA 01919391
Compass Commercial Real Estate
Listed by Compass Commercial Real Estate
$2,595,000
4 days on market
Updated 4 days ago
Opportunity zone

736 Cedar Street

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 5,310
Net Rentable (SqFt) 5,310
Cap Rate 5.22%
NOI $135,455
Occupancy 100%
Pro-Forma Cap Rate 6.10%
Pro-Forma NOI $158,816
Price per SqFt $488
Class A
Year Built 1946
Buildings 1
Lot Size (SqFt) 10,000
Ground Lease No
Sale Condition 1031 exchange

Rare Redwood City 8-Unit Multifamily Opportunity

Marketing description

736 Cedar Street offers a r are opportunity to acquire a well-located multifamily asset in the heart of the Peninsula. The well-maintained apartment building consists of eight (8) units, including four (4) two-bedroom, one-bathroom units and four (4) one-bedroom, one-bathroom units, providing an attractive unit mix for a broad tenant base.

The property also features a newly completed 2025 Thermoplastic Polyolefin (TPO) roof, upgraded Square D main electrical service infrastructure, and 125-amp subpanels serving the units, helping minimize near-term capital expenditures and enhance long-term operational reliability.

The property includes ten (10) on-site parking spaces, a dedicated laundry room with washer and dryer hookups, and three (3) large storage sheds currently utilized by tenants for additional storage space and convenience.

Situated on an expansive double-wide approximately 10,000-square-foot lot, the property offers investors a unique opportunity to potentially add ADUs, creating additional long-term income potential and further enhancing overall property value in one of the Peninsula’s most supply-constrained rental markets.

Investment highlights

Prime Redwood City Peninsula Location

Attractive Unit Mix (4 two-bedroom units / 4 one-bedroom units)

Significant Rental Upside Potential

Expansive Approximately 10,000 SF Double-Wide Lot

Potential ADU Development Opportunity (buyer to verify)

Recent Capital Improvements (2025 TPO Roof)

Upgraded Electrical Infrastructure

Ample On-Site Parking (10 spaces)

Dedicated Laundry Room

Three Large Tenant Storage Sheds

Strong Silicon Valley Employment Fundamentals (Box, Meta, Oracle)

Listing Contacts

MW
CA 01919391
Compass Commercial Real Estate
Listed by Compass Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$135,455.00
$11,287.92/mo

Valuation Metrics

0
DSCR
5.22%
Cap Rate
5.22%
ROI

Map

Zoning

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R-4 ResidentialMulti FamilyMultifamily Medium Density
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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