557 Hampshire Avenue, Redwood City, CA 94063
List Price: $1.5M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 3,300 sq ft
Property Type: ResidentialIncome
Year Built: 1962
Lot Size: 5,000 sq ft
Annual Property Tax: $23,307
MLS Number: ML82054234
About This Property
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.
Listing provided by: David Katz DRE #01971921 (877) 776-7718 david@magnifyequity.com, Magnify Real Estate
Source: CRMLS, MLS #: ML82054234