Value-add opportunity in downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. 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 Peninsulas most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential.
Pending
Price cut: $412K (8/5)
$2,688,000
Roosevelt Redwoodcity, Redwood City, CA 94061
1beds
1baths
6,976sqft
Five Or More Units, Residential Income
Built in 1951
-- sqft lot
$2,530,200 Zestimate®
$385/sqft
$-- HOA
What's special
- 42 days
- 111
- 7
Zillow last checked:
Listing updated:
Listed by:
Jimmy Castellanos 02024152 408-483-5040,
Marcus & Millichap 650-391-1700,
AJ Decristoforo 02162593 408-709-0383
Source: MLSListings Inc,MLS#: ML82054947
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Features
- Doors: None
Interior area
- Total structure area: 6,976
- Total interior livable area: 6,976 sqft
Property
Parking
- Total spaces: 3
- Parking features: Carport, Common
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 9,931 Square Feet
Details
- Parcel number: 053094120
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1951
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public
Community & HOA
Location
- Region: Redwood City
Financial & listing details
- Price per square foot: $385/sqft
- Date on market: 7/21/2026
- Listing agreement: ExclusiveRightToSell
- Lease term: Month To Month
Estimated market value
$2,530,200
$2.40M - $2.66M
$2,115/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Pending sale | $2,688,000$385/sqft |
Source:  MLSListings Inc #ML82054947 Report a problem | ||
| 8/5/2026 | Price change | $2,688,000-13.3%$385/sqft |
Source: MLSListings Inc #ML82054947 Report a problem | ||
| 7/21/2026 | Listed for sale | $3,100,000$444/sqft |
Source: MLSListings Inc #ML82054947 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Woodside Plaza
Nearby schools
Schools provided by the listing agent
- Elementary: RooseveltElementary_3
- High: SequoiaHigh_1
- District: RedwoodCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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