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$6,250,000
62 Days On Site

309315 Oak Avenue
Redwood City, CA 94061

For Sale|Commercial Sale|Pending
0
Beds
0
Total Baths
11,600
SqFt
$539
/SqFt
1956
Built
County:
San Mateo
Listed by Nate Gustavson of Compass nate@gustavsongroup.com
309315 Oak Avenue309315 Oak Avenue309315 Oak Avenue309315 Oak Avenue
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Mortgage Calculator

Monthly Payment (Est.)

$28,515
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

The Oak Court Apartments are a rare twenty (20) unit multifamily investment opportunity ideally situated in the heart of Redwood City. This well-maintained property spans two adjacent parcels and features a highly desirable unit mix: eighteen (18) spacious 1-bedroom/1-bath units, one (1) 3-bedroom/2-bath unit with a private patio, and one efficient studio unit. The buildings offer a combined 11,600 square feet of rentable space on a 19,190-square-foot lot, with attractive amenities including a secured fenced-in pool, owned coin-operated laundry facilities, and twenty (20) on-site parking spaces (19 covered). Constructed in 1956 and thoughtfully updated over timeincluding a new Thermo Plastic Olefin (TPO) roof in 2017The Oak Court Apartments provide residents with comfortable living and convenient access to nearby essentials. Each unit is individually metered for gas and electricity, adding efficiency and flexibility for future management. With a strong in-place income of over $548,000 annually, a 5.50% current cap rate, and attractive rental upside potential, this turnkey asset is perfect for both seasoned investors and 1031 exchange buyers.

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Listing Snapshot
Price 
$6,250,000
Days On Site 
62 Days
Bedrooms 
N/A
Inside Area (SqFt) 
11,600 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4405 Acres
Year Built 
1956
MLS® Number 
ML82007546
Status 
Pending
Property Tax 
$68,969
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Pending
2 months agoListing first seen on site
General Features
Acres 
0.4405
Carport 
19
Parking Spaces 
1
Special Circumstances 
Standard
SqFt Total 
11600
Water Source 
Public
Zoning 
R40000
Interior Features
Cooling 
Heating 
Wall Furnace
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Exterior Features
Roof 
Elastomeric
Community Features
MLS Area 
699 - Not Defined
School District 
Other
Schools
School District
Other
Elementary School
Roosevelt
Middle School
John F. Kennedy
High School
Woodside


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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