Agda Pkt 2025.12.22 Joint SA PFA

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Appraisal: APN 053-182-030, S.E. Corner of Maple & Lathrop Streets, Redwood City, Calif.Page 8 2025CNA112 serve the area. SamTrans bus service is also available with multiple local routes. San Francisco International Airport is the main airport. B. City of Redwood City Redwood City is located in the center of San Mateo County and is bordered by San Francisco Bay on the east, the town of Woodside to the west, San Carlos to the north, and Menlo Park and Atherton to the south and comprises just under 34 square miles of land, roughly half of which is underwater in the shore area along the Bay. As of January 1, 2025 82,073, a decrease of about 0.6 percent from the prior year. Redwood City is the county seat for San Mateo County and the government is a major employer. The largest employers within the city include: Oracle Corporation; Stanford University Hospital & Clinics; the County of San Mateo; Box Inc; Guardant Health, Inc.; Kaiser Permanente; and Electronic Arts. Similar to the County as a whole, Redwood City has been experiencing strong employment conditions for several years, reflective of the strength in the local economy. The Redwood City unemployment rate, according to the EDD, was reported at 3.5 percent as of February 2025. This is marginally higher than the 3.4 percent unemployment rate from one year ago. Redwood City is primarily residential in nature, with a variety of housing types and price/rental ranges evident. While some sections of the downtown area and the North Fair Oaks neighborhoods include older, lower quality structures interspersed with new, high quality office buildings, the Redwood Shores community has a relatively affluent residential base and has experienced substantial new construction of high-quality office, research & development (R&D), and residential properties over the past decade. As the newer office parks have become fully built-out, there has been increased interest in downtown in-fill and redevelopment sites, which have been the focus of new construction over the last several years. Commercial and industrial land uses are clustered mostly along Highway 101, to south along the entire San Francisco Peninsula, connecting San Francisco with boundaries to the west. A network of east/west surface streets connect the two freeways, the most prominent of which is Woodside Road (Highway 84). East of 8.K. - Page 54 of 105 304