561 4th Avenue, Redwood City, CA 94063
Triplex · 2 recorded sales since 2019
Sold January 2022
Listing Agent: Don Sung (DRE #01935797) · Listing Office: Colliers Parrish International · Contact: (408) 282-3800 · Bought with: Ross Sit · Realty One Group Infinity · MLS #ML81867641 · Source: CRMLS
About this triplex
Live comfortably in a fully-renovated, 4-bedroom/3.5 bath home (Front House) Or can be 3 BR/2 BA PLUS Rear Studio/1 BA: 2 Units, and rent out the other 2 units (2 rear flats) for $7,400/month to pay for mortgage+all expenses-OR-generate $12,000+/month and invest in a renovated property as hedge against inflation plus rental income. 100% completely renovated 3-Unit property with excellent unit mix. Each unit offers individual addresses: Front home (561 4th Ave-VACANT)-4 BR/3.5 BA; Rear downstairs home (563 4th Ave-OCCUPIED-MTM)-3 BR/2.5 BA; Rear upstairs home (565 4th Ave-VACANT)-4 BR/4 BA. Each unit separately metered for PG&E. Water and trash paid by owner. Excellent return from Day 1. Units offer 3 bedroom and 4 bedroom floorplans with in-suite bathrooms - makes for easy rental. Pro-forma Cap Rate: 4.46% / Pro-forma GRM: 15.6. Rear ground-floor unit is leased out month-to-month to friend of owner. All 3 units will be delivered vacant at COE. Total Size is 3,174 SF (approved permit)
Listing description from the January 2022 sale, as reported to CRMLS.
Sale history
