557 Hampshire Avenue, Redwood City, CA, CA 94063
- $1,500,000
- 3,300
- SqFt
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- ML82054234
- County
- San Mateo
- Year Built
- 1962
- Building Square Feet
- 3,300
- Square Feet
- 5,000
- Days on Market
- 16
- Property Type
- Multifamily
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
- Taxes
- $23,307
- Parcel Number
- 054246330
- Gross Scheduled Income
- $117,804
- Number of Buildings
- 1
- Heat
- Wall Furnace
- Cooling
- Yes
- Roof
- Composition, Shingle
- Carport Spaces
- 4
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: David Katz (david@magnifyequity.com) from Listing Office: Magnify Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.