| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 30th | Poor |
| Amenities | 92nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 885 Woodside Rd, Redwood City, CA, 94061, US |
| Region / Metro | Redwood City |
| Year of Construction | 2010 |
| Units | 42 |
| Transaction Date | 2016-01-15 |
| Transaction Price | $29,500,000 |
| Buyer | --- |
| Seller | --- |
885 Woodside Rd, Redwood City Multifamily Investment
Neighborhood data indicates a sizable renter-occupied base and durable demand drivers, according to WDSuite s CRE market data, supporting income stability relative to comparable Peninsula submarkets. Metrics cited reflect neighborhood conditions, not this specific property.
Situated in Redwood City s Urban Core, the location benefits from dense amenities and high-income households compared with national benchmarks. Amenity access sits in the top quartile nationally (nearby restaurants, groceries, pharmacies, and parks), helping leasing velocity and day-to-day livability for residents. Within the San Francisco San Mateo Redwood City metro (193 neighborhoods), this area performs competitive among metro neighborhoods on amenity access while offering commuter connectivity across the Peninsula.
Home values in the neighborhood are elevated (top national percentiles), which tends to sustain renter reliance on multifamily housing and can support pricing power when units are well-positioned. At the same time, rent-to-income indicators point to some affordability pressure, suggesting a premium market where tenant retention benefits from responsive management and thoughtful renewals.
The neighborhood s average construction year skews older relative to the metro, which makes a 2010-vintage asset comparatively newer stock. That positioning can reduce near-term capital exposure and improve competitive standing versus pre-1980s inventory, though investors should still plan for ongoing modernization cycles typical of 10 to 20-year building systems.
Renter-occupied share at the neighborhood level is a majority, signaling depth in the tenant base for a 42-unit community. Demographics aggregated within a 3-mile radius show high incomes and a shift toward smaller household sizes over the next several years, which can expand the renter pool even if population trends soften. Taken together and based on commercial real estate analysis from WDSuite the area supports steady demand for professionally managed apartments.
Safety indicators for the neighborhood are around the national median overall, based on WDSuite s benchmarking. Recent data shows property-related incidents trending downward year over year, an encouraging directional signal for day-to-day operations and resident retention. Rankings referenced reflect comparisons among 193 metro neighborhoods and national percentiles compare neighborhoods nationwide.
Proximity to major corporate offices underpins weekday demand and commute convenience, supporting leasing and retention for workforce and professional tenants. The nearby employment base includes Robert Half, Meta/Facebook, and Oracle within a 5-mile radius.
- Robert Half International corporate offices (3.0 miles) HQ
- Facebook MPK 22GW-36 corporate offices (3.32 miles)
- Facebook corporate offices (4.23 miles) HQ
- Oracle corporate offices (5.02 miles) HQ
- Oracle Conference Center corporate offices (5.17 miles)
Built in 2010, 885 Woodside Rd offers newer-vintage positioning in a neighborhood where much of the stock is older, providing relative competitiveness and moderated near-term capital needs. Elevated home values and a majority renter-occupied housing mix at the neighborhood level point to a deep tenant base, while top-quartile amenity access supports lease-up and renewal appeal. According to CRE market data from WDSuite, neighborhood occupancy has moderated from recent peaks, making operational execution and unit presentation important levers for maintaining stability.
Within a 3-mile radius, incomes are high and household sizes are expected to trend smaller, which can expand the renter pool even if population growth is flat to slightly negative. Nearby corporate offices (including Robert Half, Meta/Facebook, and Oracle) reinforce weekday demand and support retention among professional tenants. Overall, the asset s scale (42 units) and vintage create options for light value-add while maintaining competitiveness in a premium rent environment.
- Newer 2010 vintage relative to older neighborhood stock, supporting competitive positioning and manageable capital planning.
- High-cost ownership market and strong amenity access bolster multifamily demand and pricing power.
- Large nearby employers (Robert Half, Meta/Facebook, Oracle) reinforce a stable professional renter base.
- Neighborhood occupancy has softened versus prior years; performance relies on active leasing, renewals, and unit-level execution.
- Affordability pressure is present; thoughtful lease management helps balance rent growth with retention.