Property Details
Upcoming Open Houses
About this Property
Nate Gustavson & Cameron Foster of Compass Commercial is pleased to welcome you to The Oak Court Apartments, 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.
MLS Listing Information
MLS #
ML82007546
MLS Source
MLSListings, Inc.
Days on Site
4
Interior Features
Flooring
Carpet, Laminate
Laundry
Coin Operated
Cooling
Ceiling Fan
Heating
Wall Furnace
Exterior Features
Roof
Elastomeric
Foundation
Concrete Perimeter and Slab
Pool
Community Facility
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Covered Parking, Garage: 0 Car(s)
Elementary District
Redwood City Elementary
High School District
Sequoia Union High
Sewer
Public Sewer
Water
Public
Complex Amenities
Community Pool
Zoning
R40000
Contact Information
Listing Agent
Nate Gustavson
Compass
License #: 01898316
Phone: (415) 786-9410
Co-Listing Agent
Cameron Foster
License #: 00972394
Phone: (415) 699-6168
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 20 | 20 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,240 | 3 | 2/0 | $3,750 | $3,750 | 1 |
| 2 | 560 | 1 | 1/0 | $1,925 | $2,380 | 18 |
| 3 | 280 | – | 0/0 | $1,800 | $1,800 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
309-315 Oak Ave is a Residential Income in Redwood City, CA 94061. This 11,600 square foot property sits on a 0.44 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,250,000 and was built in 1956. This address can also be written as 309-315 Oak Ave, Redwood City, CA 94061.
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This listing information is up-to-date as of May 19, 2025. For the most current information, please contact Nate Gustavson, (415) 786-9410
