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… Read More 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. Read Less
Courtesy of eXp Realty of California Inc, Mariaelena Diaz 510-376-3634
Listing Snapshot
Days Online
44
Last Updated
Property Type
Fourplex
Square Ft.
2,974
Lot Size
0.25 Acres
Year Built
1923
MLS Number
ML82011997
30 Days Snapshot Of 94061
$2.04M
+5%
(avg) sold price
22
+10%
homes sold
25
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 11005.00, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1
Unit Two
2 bedrooms in unit 2, Unit 2 rent: $3,600
Unit Three
2 bedrooms in unit 3, Unit 3 rent: $3,900
Unit Four
2 bedrooms in unit 4
Accessibility Features
None
Building
Built in 1923, 4 building units, 4 buildings, 2,974 structure square feet
Roof
Other
Utilities
Public Utilities
Sewer
Sewer - Public
Security Features
None
Heating
Wall Furnace
Cooling
None
Foundation
None
Water Features
Public
Parking
10 parking spaces
Miscellaneous
Vacancy factor: 0
Tenant Pays
None
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