403 Vera AVE

REDWOOD CITY, CA 94061
Square Ft.
3,293
$2,650,000
Magnify is pleased to present 403 Vera Ave, a turnkey property walking distance from downtown Redwood City with over $197,000 in gross income (5.5% cap rate). The building was constructed in 1949 and remodeled to the studs in 2022-2023 along with a new-construction ADU. The property features open floor plansRead MoreRead Less
Courtesy of Magnify Real Estate, David Katz 408-438-0585
Listing Snapshot
Days Online
56
Last Updated
Property Type
Five Or More Units
Square Ft.
3,293
Lot Size
0.13 Acres
Year Built
1949
MLS Number
ML82048912
30 Days Snapshot Of 94061
$2.12M
-9%
(avg) sold price
18
-30%
homes sold
30
+76%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5625.00, Max Area Units: Square Feet, Lot is 0.12913223140496 acres
Accessibility Features
None
Unit One
Rent: $3,795, 776 approximate square feet, 2 bedrooms
Unit Two
Rent: $3,195, 631 approximate square feet, bedroom 1
Unit Three
Rent: $2,875, 631 approximate square feet, bedroom 1
Unit Four
Rent: $2,995, 631 approximate square feet, 1 bedroom
Building
3,293 structure square feet, Age: 77, Built in 1949, 5 units, 1 building, Construction type: Wood Frame, 5 minimum units in complex
Cooling
Ceiling Fan, Window / Wall Unit
Floors
Tile, Vinyl / Linoleum, Other
Foundation
Concrete Perimeter, Concrete Slab, Post and Pier
Garage
Assigned Spaces
Water Features
Public
Heating
Electric
Kitchen
Cooktop - Electric, Countertop - Other, Dishwasher, Garbage Disposal, Microwave, Pantry
Laundry
Washer / Dryer
Tenant Pays
Utilities - Electric
Miscellaneous
Total expenses: 46025
Parking
4 parking spaces
Property
Zoning: R4, Yard/Grounds: Back Yard, Balcony / Patio, Deck, Drought Tolerant Plants, Low Maintenance, Sprinklers - Auto
Roof
Composition, Shingle
Security Features
Closed Circuit Monitoring (24-hour), Fire System - Sprinkler
Taxes
Annual tax amount: $29,140
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Public Utilities
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Melanie Ventura
Realtor
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