A rare value-add opportunity in the heart of Redwood City, this well-located triplex sits just blocks from vibrant downtown and directly across from a park, offering an ideal blend of convenience and lifestyle appeal. Each of the three spacious units features 2 bedrooms, 1 full bathroom, a generous living area,… Read More and a dedicated dining space alongside a functional kitchen layout. Residents enjoy access to a shared community laundry room, while each unit includes garage space for parking and additional storage. The property offers desirable outdoor living options: the downstairs unit boasts a private backyard, perfect for entertaining or relaxing, while the two upstairs units each feature their own private balconies. This is a compelling Bay Area investment with strong upside potential. Unit 1 is vacant and ready for finishing touches, presenting an opportunity to achieve top-market rents. Units 2 and 3 are currently leased to long-term tenants, providing immediate income stability. With its unbeatable location and clear value-add potential, this triplex stands out as an exceptional investment in one of the Peninsula's most sought-after rental markets. Read Less
Courtesy of Realty 110, Inc., Nick Kerley 530-242-4114
Listing Snapshot
Days Online
0
Last Updated
Property Type
Triplex
Square Ft.
3,941
Lot Size
0.11 Acres
Year Built
1965
MLS Number
ML82047062
30 Days Snapshot Of 94063
$1.53M
+2%
(avg) sold price
7
-22%
homes sold
16
+45%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5000.00, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1, Unit 1 rent: $0
Unit Two
2 bedrooms in unit 2, Unit 2 rent: $2,000
Unit Three
2 bedrooms in unit 3, Unit 3 rent: $1,650
Accessibility Features
None
Building
Built in 1965, 3 building units, 2 buildings, 3,941 structure square feet
Roof
Composition
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Sewer
Sewer - Public
Security Features
None
Heating
Central Forced Air, Wall Furnace
Cooling
Ceiling Fan, Window / Wall Unit
Foundation
Raised
Laundry
Washer / Dryer
Water Features
Public
Garage
3 garage spaces
Miscellaneous
Vacancy factor: 33
Tenant Pays
Services - Gardener/Landscaping, Utilities - Electric, Utilities - Gas
Property
Back Yard, Balcony / Patio
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