557 Hampshire Ave - Apartments FOR SALE


Redwood City, CA 94063- Redwood Village
$1,500,000 USD
408-438-0585
557 Hampshire Ave, Redwood City, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/13
null | 4.88% Cap Rate

557 Hampshire Ave
Redwood City, CA 94063
Redwood Village


HIGHLIGHTS

  • Excellent in-place income with nearly $10,000/month in rent
  • Prime Peninsula location within ~15 minutes of Atherton, Menlo Park, Palo Alto, and Stanford University
  • Passed SB-721 Inspection of deck and walkways
  • Desirable unit mix of (1) 2BD/1BA with large backyard and (3) 1BD/1BA
  • Exceptional value in one of the Bay Area's strongest rental markets

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$339 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

4.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,009 SF

ZONING

R3, County

APN/PARCEL ID

054-246-330

ASK ABOUT THIS PROPERTY

David KatzMagnify EquityMore Info
408-438-0585

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David KatzMagnify EquityMore Info
408-438-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.