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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by David Katz, DRE #01971921 • Magnify Real Estate

$ 1,500,000

Est. payment | -/mo

5 Beds

4 Baths

3,300 SqFt

Save Virtual Tour

$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

3,300 SqFt

Open House

Wed Jul 22, 12:00pm - 1:00pm

Sun Jul 26, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $454

MLS Listing ID ML82054234

Bedrooms 5

Full Baths 4

Year Built 1962

Lot Size 5,000 Sqft

Property Sub-Type Fourplex

Source MLSListings, Inc.

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.

Location

State CA

County San Mateo

Area Dumbarton Etc.

Zoning R300S3

Interior

Heating Gas, Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Covered Parking

Utilities Available Public Utilities

Roof Type Composition,Shingle

Building

Foundation Post and Pier, Wood Frame

Sewer Sewer - Public

Water Public

Others

Tax ID 054-246-330

Special Listing Condition Not Applicable

Virtual Tour https://my.matterport.com/show/?m=oYbeqVXzBUz

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

557 Hampshire AVE Redwood City, CA 94063