Property Overview:
2804 Curtis Ave is a 4-unit multifamily property located near Downtown Redwood City, CA. The building features four (4) one-bedroom, one-bathroom units across 2,245 sq. ft. on a 0.11-acre (5,000 sq. ft.) lot. The property has undergone numerous upgrades, including exterior paint, new kitchen cabinets, new water heaters, and new windows in select units. Ample parking is available on-site.
Neighborhood Highlights:
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Prime Location:
- Situated two blocks from the Middlefield Road Improvement Project, offering ongoing urban renewal and infrastructure upgrades.
- Easy access to Downtown Redwood City’s key attractions, shopping, dining, and entertainment.
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Economic & Demographic Trends:
- Redwood City is strategically located between San Francisco and San Jose, making it a highly desirable area for both residents and investors.
- Surrounded by new development and a growing economic/employment base.
- Median home price exceeds $1.87M (as of March 2025), making homeownership out of reach for most and fueling strong rental demand.
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Tenant Base:
- Robust tenant pool due to high home prices and intense competition.
- Stable, long-term tenants with great rents from day one and significant upside potential.
Property Features:
- Unit Mix:
- 4 units: Each with 1 bedroom and 1 bathroom.
- Recent Upgrades:
- Exterior paint
- New kitchen cabinets
- New water heaters
- New windows (in select units)
- Amenities:
- Ample parking
- Prime location with easy access to transportation and local amenities
Investment Highlights:
- Low price point of entry for the area.
- Immediate rental income with stable tenants.
- Significant upside through future rent growth and appreciation.
- Located in a community fueling Silicon Valley’s growth.
Location Benefits:
- Commuter-friendly: Quick access to major highways and public transportation.
- Surrounded by new development and ongoing infrastructure improvements.
- Strong long-term appreciation potential due to economic and employment growth in the region.