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Listed by Magnify Real Estate
$ 1,500,000
Est. payment /mo
Open Wed 12PM-1PM
557 Hampshire Avenue Redwood City, CA 94063
3,300 SqFt
Open House
Wed Jul 22, 12:00pm - 1:00pm
Sun Jul 26, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $454
MLS Listing ID ML82054234
HOA Y/N No
Year Built 1962
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Magnify is pleased to present 557 Hampshire Avenue, an excellent opportunity to acquire one of the lowest-priced fourplexes on the Peninsula, offering exceptional value for investors seeking strong in-place cash flow with upside potential. Built in 1962, the building consists of approximately 3,300 square feet on a 5,000 square foot lot and features a desirable unit mix of (1) 2BD/1BA and (3) 1BD/1BA residences, offering an attractive investment in one of the Peninsula's strongest rental markets. The property generates nearly $10,000 per month in rental income with the opportunity to further increase cash flow through strategic interior improvements as units turn over. The spacious downstairs 2BD/1BA residence enjoys a large private backyard that enhances tenant appeal, and the building has completed its SB-721 inspection. Located just minutes from vibrant downtown Redwood City, the property is centrally positioned on the Peninsula with convenient access to Highway 101, El Camino Real, Caltrain, and major employment centers. Atherton, Menlo Park, Palo Alto, and Stanford University are all within approximately 15 minutes, positioning 557 Hampshire Avenue to benefit from robust rental demand, long-term income growth potential, and outstanding connectivity throughout Silicon Valley.
Location
State CA
County San Mateo
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry Coin Operated
Building
Water Public
Schools
School District Sequoia Union High, Redwood City Elementary