Investment Overview

Located steps from downtown Redwood City, Brewster Place is a 33-unit apartment community offering a compelling investment opportunity in one of the Bay Area's fastest-growing submarkets. Built in 1974, the property includes 30 quality one-bedroom, one-bath units and three two-bedroom, one-and-a-half-bath units across approximately 19,800 square feet of rentable space on a 20,000 square foot lot. The building is elevator-served and features 33 covered parking spaces. The building features durable construction with a concrete target story, enhancing both longevity and structural safety. With an average current rent of $2,518.75 per month and a projected 10% upside, the property provides immediate income with strong rent growth potential. Brewster Place is also located within walking distance of the Caltrain station, offering convenient regional access for commuters. Redwood City, with a 2025 population of approximately 80,515, has experienced unprecedented growth fueled by the spillover of innovation and investment from San Francisco’s continually expanding tech ecosystem and the emergence of a new AI landscape. The city is home to major technology employers such as Oracle, Electronic Arts, Box, Informatica, and Google’s Pacific Shores campus, in addition to a growing roster of high-growth startups including Skydio, C3 AI, and Course Hero. Pro-growth city policies have supported higher-density development, enhancing the long-term value of well-located multifamily assets like Brewster Place. Brewster Place is ideally positioned for both short- and long-term investors seeking stable cash flow, appreciation potential, and proximity to world-class employment hubs. Its central location, functional unit mix, and tenant-friendly amenities provide broad renter appeal, while the surrounding economic and infrastructure growth, including walkable access to Caltrain, further reinforce long-term demand. With its prime downtown Redwood City location, Brewster Place offers an attractive combination of consistent performance and enduring market fundamentals.