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Listed by David Katz • Magnify Real Estate, DRE#01971921
$1,500,000
Est. payment /mo
5 Beds
4 Baths
3,300 SqFt
Open Wed 12PM-1PM
557 Hampshire AVE Redwood City, CA 94063
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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 Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $454
MLS Listing ID ML82054234
Bedrooms 5
Full Baths 4
Year Built 1962
Lot Size 5,000 Sqft
Property Sub-Type Fourplex
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
Area Dumbarton Etc.
Zoning R300S3
Interior
Heating Gas, Wall Furnace
Cooling None
Laundry Coin Operated
Exterior
Parking Features Covered Parking
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Story 2
Foundation Post and Pier, Wood Frame
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 054-246-330
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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