557 Hampshire AVE, Redwood City, CA 94063
- $1,500,000
- 5
- BD
- 3,300
- SqFt
Listed by David Katz, 408-438-0585 from Magnify Real Estate
(If provided) CoList: Will Tharp from Magnify Real Estate
- List Price
- $1,500,000
- MLS#
- ML82054234
- Status
- ACTIVE
- Zoning
- R300S3
- Sqft. of Residence
- 3,300
- Lot Size
- 5,000
- Listing Area
- Dumbarton Etc.
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.
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Additional Information
- Cooling System
- None
- Foundation
- Post and Pier, Wood Frame
- Garage Parking
- Covered Parking
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 3,300
- Lot Size
- 5,000
- Neighborhood
- Dumbarton Etc.
- Other Utilities
- Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R300S3
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