238 Poplar Avenue

Redwood City, CA 94061

$3,800,000
Price
Beds
7,000 Sq. Ft.
$543 / Sq. Ft.
7,000
Sq. Ft.
$543
per Sq. Ft.

Description

Jimmy Castellanos and AJ DeCristoforo are pleased to present 238 Poplar Avenue, a standout investment opportunity in Redwood City, CA. This multifamily property consists of seven expansive 2-bedroom, 2-bathroom units, highly desirable for renters seeking space and comfort. Each unit averages in size roughly 1,000 square of living space, while the property's three-parcel layout includes 14 parking spaces. In a city where the median single-family home price is $1.8 million, according to Redfin, this...Jimmy Castellanos and AJ DeCristoforo are pleased to present 238 Poplar Avenue, a standout investment opportunity in Redwood City, CA. This multifamily property consists of seven expansive 2-bedroom, 2-bathroom units, highly desirable for renters seeking space and comfort. Each unit averages in size roughly 1,000 square of living space, while the property's three-parcel layout includes 14 parking spaces. In a city where the median single-family home price is $1.8 million, according to Redfin, this multifamily asset presents an exceptional value proposition to acquire seven residential units for below $550,000 per unit.
  1. Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040

Property Details for 238 Poplar Avenue

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 10/08/2024 12:59 PM

Property Details for 238 Poplar Avenue

StatusActive
MLS #ML81983012
Days on Compass44
Taxes$42,100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1979
Lot Size0.39 AC / 16,988 SF
CountySan Mateo County

Building Information for 238 Poplar Avenue

Stories-Residences-Year Built1979Building Size-Lot Size0.39 AC / 16,988 SF

Property Information for 238 Poplar Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 7000
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Central Forced Air
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 14
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Central Park Etc.
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 238
  • Street Name: Poplar
  • Street Suffix: Avenue
  • Area ID: 333
Lot / Property Details
Building Information
  • Number of Buildings: 4
  • Structure SqFt: 7000
  • Structure SqFt Source: Other
  • Age: 45
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: R40000
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 053-282-380
  • County Name: San Mateo
  • City Name: REDWOOD CITY
  • City Postal ID: 50
  • Postal Code: 94061
  • Elementary School: 639
  • Elementary School District: 935
  • Middle School Text: John F. Kennedy Middle
  • High School District Text: Sequoia Union High
  • High School Text: Woodside High
Lot Information
  • Foundation: Concrete Perimeter, Concrete Slab
  • Lot Acres: .39
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $42,100
  • Capitalization Rate: 4.02
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Income Includes: Coin Operated Equip, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,797
  • Expense Landscape: $3,600
  • Expense Maintenance: $3,500
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $17,470
  • Expenses Total: $73,467
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities - Water
  • Gross Rent Multiplier: 16.28
  • Income Annual Gross: $226,386
  • Income Annual Rental: $231,708
  • Income Gross Scheduled: $233,388
  • Income Other: $1,680
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 1000

Property History for 238 Poplar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 238 Poplar Avenue

Taxable ValueLand$27,609Additions-Total$27,609
Tax Record2024$409 ($34 / month)
Home Facts
Beds0Lot Size5,500 SqFtStyleMiscellaneous Vacant LandZoningR40000CountySAN MATEOAPN053-282-370

Schools near 238 Poplar Avenue

This home is within Redwood City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Henry Ford Elementary School
PublicK to 5

John F. Kennedy Middle School
Public6 to 8

Woodside High School
Public9 to 12

Rocketship Redwood City
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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238 Poplar Avenue is for sale in Redwood City, CA 94061. This property was listed for sale on October 8, 2024 by Marcus & Millichap, it's currently listed at $3,800,000. This listing's school districts are Redwood City Elementary School District, Sequoia Union High School District. Nearby schools include Henry Ford Elementary School, John F. Kennedy Middle School and Woodside High School. 238 Poplar Avenue is a 0-bed, 0-bath, 7,000 sqft built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jimmy Castellanos, DRE #02024152

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.