Redwood City, CA 94061,Address not disclosed
$1,570,000
$1,400,000
12.1%
Est.Price: ?

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2,522 SqFt

Address not disclosed Redwood City, CA 94061

Est. payment /mo
SOLD DATE : 09/30/2019

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Key Details

Sold Price $1,570,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,522 sqft

Price per Sqft $622

MLS Listing ID ML81761780

Sold Date 09/30/19

HOA Y/N No

Year Built 1949

Lot Size 5,623 Sqft

Acres 0.1291

Property Description

403 Vera Ave. provides an exceptional value-add opportunity for a peninsula investor. Value addition through landscaping, interior renovations, exterior renovations, and rent roll increases. Redwood city is not a rent-controlled market, therefore the substantial upside in rents can be capitalized upon quickly. The functional layout of 403 Vera Avenue provides a garage space for each unit beneath a terrace shared by the top two units. The long backyard provides recreational space for each tenant. Large corner lot. Located in the heart of the peninsula, Vera is perfectly situated for apartment tenants who work at one of the myriad of local tech companies. Redwood City is in incredibly high demand for its adjacent location to ultra-wealthy zip codes and convenient location to all that the San Francisco Bay Area offers. Very close proximity to major Highways 82, El Camino Real, and 101. Located 5 minutes from Downtown Redwood City and the Theatre's, museums and restaurants that it offers.

Location

State CA

County San Mateo

Area 699 - Not Defined

Interior

Heating Forced Air, Wall Furnace

Cooling None

Fireplace No

Appliance Gas Cooktop, Refrigerator, Self Cleaning Oven

Exterior

Garage Off Street

Garage Spaces 4.0

Garage Description 4.0

Roof Type Shingle

Accessibility None

Parking Type Off Street

Total Parking Spaces 4

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools John F. Kennedy

High Schools Sequoia

School District Other

Others

Tax ID 053083070

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mike Priolo • NAI Northern California
Bought with Eric Katz • Colliers Parrish International

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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