Exceptional 16-unit multifamily property located just three blocks from Downtown Redwood City, one of the Peninsula’s most dynamic and rapidly growing rental markets. Built in 1962 and totaling approximately 13,582 square feet on an 8,800 square foot lot, the property features sixteen (16) spacious one-bedroom/one-bathroom units averaging about 520 square feet each. Every unit is individually metered for electricity and has been upgraded with BRAND NEW Square-D Electrical Sub-panels and Dual-pane Windows, providing efficient operation and reduced maintenance costs. Recent building upgrades include a hot tar torch-down roof installed in 2007 and owned coin-operated laundry machines. The property produces a solid in-place cap rate of 5.45% and an 11.48 GRM based on current rents, with additional upside potential through continued renovations and market rent adjustments. The current price equates to approximately $368 per square foot. The location is highly desirable, just a short walk to the restaurants, shops, and entertainment of Downtown Redwood City, as well as Caltrain for convenient access to both San Francisco and San Jose. The property also offers excellent proximity to major thoroughfares including Highways 101, 280, El Camino Real, and Woodside Road. Nearby employers such as Oracle, Electronic Arts, and Equinix drive consistent rental demand and long-term stability in this core Silicon Valley submarket. Residents enjoy easy access to Costco, Whole Foods, and neighborhood schools including Roosevelt Elementary, North Star Academy, and Woodside High School. Combining strong in-place cash flow, value-add potential, and a prime central location, 486 Beech Street presents a rare investment opportunity in one of the Bay Area’s most resilient and desirable rental corridors.