561 4th AVE
REDWOOD CITY, CA 94063
- 11 beds
- – baths
- 3,174 sqft
- 6,000 sqft lot
- $699 per sqft
- 1948 build
- – on site
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Live comfortably in a fully-renovated, 4-bedroom/3.5 bath home (Front House) Or can be 3 BR/2 BA PLUS Rear Studio/1 BA: 2 Units, and rent out the other 2 units (2 rear flats) for $7,400/month to pay for mortgage+all expenses-OR-generate $12,000+/month and invest in a renovated property as hedge against inflation plus rental income. 100% completely renovated 3-Unit property with excellent unit mix. Each unit offers individual addresses: Front home (561 4th Ave-VACANT)-4 BR/3.5 BA; Rear downstairs home (563 4th Ave-OCCUPIED-MTM)-3 BR/2.5 BA; Rear upstairs home (565 4th Ave-VACANT)-4 BR/4 BA. Each unit separately metered for PG&E. Water and trash paid by owner. Excellent return from Day 1. Units offer 3 bedroom and 4 bedroom floorplans with in-suite bathrooms - makes for easy rental. Pro-forma Cap Rate: 4.46% / Pro-forma GRM: 15.6. Rear ground-floor unit is leased out month-to-month to friend of owner. All 3 units will be delivered vacant at COE. Total Size is 3,174 SF (approved permit)
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Last updated Apr 26, 2024
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MLS# 81867641 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/17/21
Dec 17, 2021
|
BRIDGE | $2,290,000 | ||
|
10/28/21
Oct 28, 2021
|
BRIDGE | $2,290,000 | 487.2% (21.1% / YR) | |
|
10/16/98
Oct 16, 1998
|
BRIDGE | $390,000 |