| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 30th | Poor |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 240 Linden St, Redwood City, CA, 94061, US |
| Region / Metro | Redwood City |
| Year of Construction | 1972 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
240 Linden St, Redwood City Multifamily Investment
Neighborhood home values are elevated and a majority of housing units are renter-occupied, signaling a deep tenant base and durable demand, according to WDSuite s CRE market data.
Located in Redwood City s Urban Core, the property sits in a neighborhood with strong daily conveniences grocery, pharmacy, restaurants, parks, and cafes rank in the top quartile among 193 metro neighborhoods and are also upper-tier nationally. This concentration of amenities supports leasing velocity and retention for workforce and professional renters.
Renter concentration is high at the neighborhood level, indicating that more than half of housing units are renter-occupied. For investors, this points to a sizable and active multifamily demand pool, with leasing supported by local incomes that benchmark above many U.S. neighborhoods. Elevated ownership costs in the area further sustain reliance on rental housing, which can aid occupancy stability and pricing power.
Neighborhood occupancy currently trends below the metro median, but NOI performance in the submarket is strong relative to national norms. The combination of high amenity access and a deep renter base can help mitigate vacancy risk through broader tenant capture and renewal potential, based on commercial real estate analysis from WDSuite.
The asset s 1972 vintage is newer than the neighborhood s average construction year. That positioning can be competitive versus older stock, while still offering value-add pathways through targeted modernization and systems upgrades to enhance rent positioning and reduce long-term capex volatility.
Demographic statistics aggregated within a 3-mile radius show high household incomes and a sizable professional population. While total population growth has been modest to flat recently, projections indicate an increase in the number of households alongside smaller household sizes, which tends to expand the renter pool and support sustained demand for multifamily units.
Safety indicators for the neighborhood are generally around the national median, according to WDSuite s CRE data. Within the San Francisco San Mateo Redwood City metro (193 neighborhoods), the area sits near the middle of the pack. Property-related offenses show an improving trend year over year, while violent-offense indicators have been relatively stable to slightly higher. For investors, the read-through is a typical urban safety profile where property management practices and lighting/security enhancements can support resident experience and retention.
Proximity to major tech and corporate headquarters underpins renter demand through short commutes and diversified professional employment. Nearby anchors include Facebook, Robert Half, Oracle, Hewlett Packard Enterprise, and Franklin Resources.
- Facebook MPK 22GW-36 technology offices (2.95 miles)
- Robert Half International professional staffing (3.57 miles) HQ
- Facebook technology (3.87 miles) HQ
- Oracle enterprise software (4.59 miles) HQ
- Hewlett Packard Enterprise technology (5.75 miles) HQ
240 Linden St offers investors a well-located, 38-unit asset positioned within an amenity-rich, renter-oriented neighborhood. Elevated ownership costs, high local incomes, and proximity to major employers support a durable tenant base and pricing power, while neighborhood occupancy trends below the metro median suggest disciplined leasing and targeted renovations can unlock additional performance. The 1972 vintage is newer than the local average, providing relative competitiveness versus older stock, with value-add upside through modernization of interiors and building systems.
According to CRE market data from WDSuite, the neighborhood s rent levels and NOI performance benchmark strongly against national norms, and a 3-mile view indicates rising household counts alongside smaller household sizes factors that typically expand the renter pool and support occupancy stability over time. Combined with the concentration of nearby corporate campuses, these fundamentals point to resilient demand drivers for long-term multifamily ownership.
- Amenity-rich Urban Core location supports leasing velocity and resident retention.
- Elevated ownership costs and strong incomes reinforce reliance on multifamily rentals.
- 1972 vintage newer than area average value-add potential via modernization and efficiency upgrades.
- Major nearby employers bolster weekday demand and reduce commute-driven turnover.
- Risk: neighborhood occupancy trends below the metro median active lease management and targeted capital plans are important.