Home | San Mateo County | Redwood City | 94061 | 309-315 Oak Ave
309-315 Oak Ave, Redwood City, CA 94061
MLS: ML82007546 | Status: | Price: $6,000,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Acres Lot |
Yr Built |
| – |
– |
11,600 |
0.44 |
1956 |
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.
| Field |
Value |
| MLS # |
ML82007546 |
| MLS Source |
MLSListings, Inc. |
Features
Interior Features
| Feature |
Details |
| Flooring |
Carpet, Laminate |
| Laundry |
Coin Operated |
| Cooling |
Ceiling Fan |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Elastomeric |
| Foundation |
Concrete Perimeter and Slab |
| Pool |
Community Facility |
| Feature |
Details |
| 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 |
| Listing Agent |
Co-Listing Agent |
| Nate Gustavson |
Cameron Foster |
| Compass |
|
| License #: 01898316 |
License #: 00972394 |
| Phone: (415) 786-9410 |
Phone: (415) 699-6168 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 2 |
20 |
20 |
Unit Details
| 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 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Nate Gustavson, (415) 786-9410.