Redwood City, CA 94063,561 4th AVE
Redwood City, CA 94063,561 4th AVE
Redwood City, CA 94063,561 4th AVE
Redwood City, CA 94063,561 4th AVE
Redwood City, CA 94063,561 4th AVE
Redwood City, CA 94063,561 4th AVE
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$2,220,000

$2,290,000

3.1%
Est.Price: ?

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Est. payment /mo

11 Beds

10 Baths

3,174 SqFt


SOLD DATE : 01/19/2022

Key Details

Sold Price $2,220,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,174 sqft

Price per Sqft $699

MLS Listing ID ML81867641

Sold Date 01/19/22

Bedrooms 11

Full Baths 9

Half Baths 2

Year Built 1948

Lot Size 6,000 Sqft

Property Description

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)

Location

State CA

County San Mateo

Area Dumbarton Etc.

Zoning R20000

Interior

Heating Central Forced Air - Gas

Cooling Window / Wall Unit

Exterior

Parking Features Common Parking Area, Off-Street Parking, Uncovered Parking

Utilities Available Natural Gas, Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 060-057-040

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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MLSListings Inc. (MLSListings)
Listed by Don Sung • Colliers Parrish International
Bought with Ross Sit • Realty One Group Infinity
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