441 Vera AVE, Redwood City, CA 94061 – ML82011997

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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

Listed by Mariaelena Diaz • eXp Realty of California Inc

$1,998,000

Est. payment - /mo

8 Beds

4 Baths

2,974 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,974 sqft

Price per Sqft $671

MLS Listing ID ML82011997

Bedrooms 8

Full Baths 4

Year Built 1923

Lot Size 0.253 Acres

Property Sub-Type Fourplex

Property Description

Rare Four-Unit Investment Opportunity in Central Redwood City Discover the ultimate "live smart" scenario with this exceptional four-unit property at 441 Vera Ave. This investment offers immediate cash flow of $7,500 per month from two fully-leased units, while two units are completely vacant providing opportunity for owner occupancy. The Numbers Work: With current rental income of $7,500 monthly and estimated mortgage payment of $11,555, an owner-occupant can live in a vacant unit while existing rental income significantly offsets the mortgage. Development Upside: Quarter-acre lot with R4 zoning offers potential for expansion up to seven units total. Prime Location: Central Park neighborhood provides easy Caltrain access and proximity to major Silicon Valley tech employers. Property Description - Four-unit property generating $7,500 monthly. Live in vacant unit while rental income covers mortgage. 2 units vacant. R4 zoning allows 7 units. Prime location.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R1

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Off-Site Parking

Utilities Available Public Utilities

Roof Type Other

Building

Story 1

Foundation None

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 053-083-220

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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441 Vera AVE Redwood City, CA 94061

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

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