Multifamily
128 Roosevelt Ave
128 Roosevelt Ave, Redwood City, CA 94061
Listing Price: $3,100,000
Investment Overview
Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10-unit apartment community offering a compelling value-add investment opportunity in one of the Peninsula’s most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 square feet of rentable space on a 9,967 square foot parcel. The community is comprised of a two-story building, featuring a light stucco exterior with low-pitch, overhanging rooflines that provide a classic, functional apartment style. The site includes a gated sidewalk entry, mature landscaping, on-site parking.
128 Roosevelt Ave
Investment Highlights
- Significant Upside Potential – With current rents at $1,277 per unit versus market comparables near $2,450, the property offers a compelling repositioning opportunity.
- Desirable Amenities – Features include a private laundry room, ten reserved carport parking spaces, and large individual storage lockers, ensuring tenant satisfaction and operational efficiency.
- Exceptional Downtown Redwood City Location - Within walking distance of premier dining, shopping, and entertainment destinations including Courthouse Square, Vesta, Timber & Salt, Donato Enoteca, and
- Rare Offering – 128 Roosevelt Avenue is being offered for the first time in approximately 54 years, presenting a unique chance to acquire a value-add asset in a high-demand market.
- Premier Market in a Thriving Economy – Redwood City is supported by a robust job market with proximity to major employers such as Oracle, Meta, Google, Apple, Stanford Health Care, and Box, fueling sustained renter demand and long-term appreciation.
Exclusively Listed By
Listing Price: $3,100,000
Investment Highlights
- Significant Upside Potential – With current rents at $1,277 per unit versus market comparables near $2,450, the property offers a compelling repositioning opportunity.
- Desirable Amenities – Features include a private laundry room, ten reserved carport parking spaces, and large individual storage lockers, ensuring tenant satisfaction and operational efficiency.
- Exceptional Downtown Redwood City Location - Within walking distance of premier dining, shopping, and entertainment destinations including Courthouse Square, Vesta, Timber & Salt, Donato Enoteca, and
- Rare Offering – 128 Roosevelt Avenue is being offered for the first time in approximately 54 years, presenting a unique chance to acquire a value-add asset in a high-demand market.
- Premier Market in a Thriving Economy – Redwood City is supported by a robust job market with proximity to major employers such as Oracle, Meta, Google, Apple, Stanford Health Care, and Box, fueling sustained renter demand and long-term appreciation.
Investment Overview
Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10-unit apartment community offering a compelling value-add investment opportunity in one of the Peninsula’s most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 square feet of rentable space on a 9,967 square foot parcel. The community is comprised of a two-story building, featuring a light stucco exterior with low-pitch, overhanging rooflines that provide a classic, functional apartment style. The site includes a gated sidewalk entry, mature landscaping, on-site parking.
Exclusively Listed By
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