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Listed by Mariaelena Diaz • eXp Realty of California Inc
$1,998,000
Est. payment /mo
8 Beds
4 Baths
2,974 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,974 sqft
Price per Sqft $671
MLS Listing ID ML82011997
Bedrooms 8
Full Baths 4
Year Built 1923
Lot Size 0.253 Acres
Property Sub-Type Fourplex
Property Description
Rare Four-Unit Investment Opportunity in Central Redwood City Discover the ultimate "live smart" scenario with this exceptional four-unit property at 441 Vera Ave. This investment offers immediate cash flow of $7,500 per month from two fully-leased units, while two units are completely vacant providing opportunity for owner occupancy. The Numbers Work: With current rental income of $7,500 monthly and estimated mortgage payment of $11,555, an owner-occupant can live in a vacant unit while existing rental income significantly offsets the mortgage. Development Upside: Quarter-acre lot with R4 zoning offers potential for expansion up to seven units total. Prime Location: Central Park neighborhood provides easy Caltrain access and proximity to major Silicon Valley tech employers. Property Description - Four-unit property generating $7,500 monthly. Live in vacant unit while rental income covers mortgage. 2 units vacant. R4 zoning allows 7 units. Prime location.
Location
State CA
County San Mateo
Area Central Park Etc.
Zoning R1
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Off-Site Parking
Utilities Available Public Utilities
Roof Type Other
Building
Story 1
Foundation None
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Tax ID 053-083-220
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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