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Listed by Jimmy Castellanos • Marcus & Millichap

$2,890,000

Est. payment - /mo

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3 Beds

2 Baths

6,249 SqFt

Open Wed 12PM-1PM

517 Vera AVE Redwood City, CA 94061

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

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Sep

Sat

Sep

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Sep

Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

Open House

Wed Sep 10, 12:00pm - 1:00pm

Fri Sep 12, 12:00pm - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,249 sqft

Price per Sqft $462

MLS Listing ID ML82020310

Bedrooms 3

Full Baths 2

Year Built 1964

Lot Size 6,980 Sqft

Property Sub-Type Five or More Units

Property Description

Marcus & Millichap is excited to present 517 Vera Ave, a boutique 6-unit multifamily community in Redwood City, one of the Bay Areas most dynamic submarkets. Five of the six apartment homes have been meticulously renovated, blending modern design with functional layouts and luxury-inspired finishes. Current average rents of $2,810 per month provide durable in-place income with a projected 10% rental upside. Two ground-floor units feature private patios or expansive backyards, while four upper-level units enjoy spacious balconies, enhancing tenant appeal. The property is within walking distance of Caltrain, offering unmatched regional access for Peninsula commuters.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R-4

Interior

Heating Central Forced Air

Cooling Window / Wall Unit

Flooring Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Carport , Off-Street Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 053-081-160

Security Features Other

Special Listing Condition Not Applicable

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321