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Redwood City, CA 94063
$1,500,000
Bed
0
Bath
0
Living Space
3,300 SqFt
Year Built
1962
Lot Size
5,000 SqFt
Days
10
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 courtesy ofDavid Katz License 01971921 Magnify Real Estate, Will Tharp License 01984173 Magnify Real Estate
Data provided by MLSListings Inc.
Sunday, July 26
9:00 PM – 11:00 PM
- Taft Elementary School (Elementary) - GreatSchools rating 4/10 - John F. Kennedy Middle School (Middle) - GreatSchools rating 7/10 - Sequoia High School (High) - GreatSchools rating 7/10 School District: Redwood City Elementary
Within a 1-2 mile radius of 557 Hampshire Avenue, several parks offer recreational opportunities. These include Mezes Park, which features play equipment, picnic areas, and sports courts; Shorebird Park, offering picnic facilities and sports courts; Andrew Spinas Park, a neighborhood park with basketball and tennis courts; and Red Morton Community Park, a larger park with sports fields, picnic areas, and a playground. Edgewood Park and Natural Preserve is also nearby, providing miles of trails for hiking and equestrian use, as well as picnic areas.
The property is located in Redwood City, CA, within the 94063 ZIP code. This area is described as Redwood Village, a neighborhood situated about a mile east of Downtown Redwood City. Redwood Village offers residents numerous amenities, including grocery stores, retail options, restaurants, and parks. The neighborhood features tree-lined residential streets with a mix of single-family homes and apartments. Its location between Highway 101 and Highway 82 provides convenient access for commuting north to San Francisco or south to San Jose.
This location has a Walk Score of 98 out of 100, indicating it is a "Walker's Paradise" where daily errands can be accomplished on foot. Transit options are also available, with multiple bus lines and Caltrain stops within close proximity, including the Redwood City Caltrain Northbound stop, which is a five-minute walk away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Taft Elementary School (Elementary) - GreatSchools rating 4/10 - John F. Kennedy Middle School (Middle) - GreatSchools rating 7/10 - Sequoia High School (High) - GreatSchools rating 7/10 School District: Redwood City Elementary
Within a 1-2 mile radius of 557 Hampshire Avenue, several parks offer recreational opportunities. These include Mezes Park, which features play equipment, picnic areas, and sports courts; Shorebird Park, offering picnic facilities and sports courts; Andrew Spinas Park, a neighborhood park with basketball and tennis courts; and Red Morton Community Park, a larger park with sports fields, picnic areas, and a playground. Edgewood Park and Natural Preserve is also nearby, providing miles of trails for hiking and equestrian use, as well as picnic areas.
The property is located in Redwood City, CA, within the 94063 ZIP code. This area is described as Redwood Village, a neighborhood situated about a mile east of Downtown Redwood City. Redwood Village offers residents numerous amenities, including grocery stores, retail options, restaurants, and parks. The neighborhood features tree-lined residential streets with a mix of single-family homes and apartments. Its location between Highway 101 and Highway 82 provides convenient access for commuting north to San Francisco or south to San Jose.
This location has a Walk Score of 98 out of 100, indicating it is a "Walker's Paradise" where daily errands can be accomplished on foot. Transit options are also available, with multiple bus lines and Caltrain stops within close proximity, including the Redwood City Caltrain Northbound stop, which is a five-minute walk away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
