1036 Dodge Drive, Redwood City, California 94063, Redwood City, 94063 - 0 bed, 0 bath
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1036 Dodge Drive
Redwood City, California 94063
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,470Sq Ft
7,150Lot Size
Property Price
LIST PRICE$1,500,000
EST. MARKET VALUE
$1,672,525
10% BelowMARKET VALUE
SUMMARY
This Turnkey Duplex represents a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,672,526 Fair Market Value by 10%. This valuation gap provides $172,526 in Instant Equity. Featuring a fully renovated interior and a unique dual-home layout with no shared walls, the property maintains an Excellent Condition Rating. With tenants paying all utilities and a 4.04% cap rate, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, low-maintenance property in Redwood City.
Estimated Market Value
$1,672,525+$172,525 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redwood City.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1969, the property is described as fully renovated and turnkey. The interior images show a modern kitchen with white shaker cabinets, stainless steel appliances, and updated flooring, indicating a comprehensive renovation likely completed within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Unique Dual-Home Layout
The property features two fully renovated homes with no shared living walls, providing rare privacy and individual fenced yards for both units, mimicking a single-family home experience.
- Turnkey Investment Potential
With a 4.04% Cap Rate on day one and tenants paying all utilities, this fully renovated duplex offers immediate cash flow and minimal initial capital expenditure.
- Desirable Unit Mix
The combination of a 3-bedroom/2-bath home and a 2-bedroom/1-bath home appeals to a wide range of tenants or provides a perfect setup for an owner-occupier.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The assigned elementary schools, Fair Oaks and Taft, have low ratings (2/10 and 3/10), which may deter families prioritizing high-performing public education.
- Older Infrastructure
Despite the modern renovations, the original 1969 construction may present long-term maintenance needs typical of older structures.
About 1036 Dodge Drive
TWO TURNKEY HOMES ON ONE LOT! NO SHARED WALLS! FULLY RENOVATED WITH LARGE PRIVATE YARDS! Incredible opportunity for investor or owner-occupier in highly sought after Friendly Acres Neighborhood. Excellent Unit Mix: (1) 3-Bedroom / 2-Bath Home & (1) 2-Bedroom / 1-Bath Home. Tenants pay ALL utilities! The fully renovated homes are only connected by a garage. The front home has a large private fenced front yard, and the rear home has a large private fenced back yard. Excellent in place rents deliver great cash flow - 4.04% Cap Rate Day One for investors. Turnkey homes create excellent owner-occupier acquisition on a quiet, tree-lined street in close proximity to dining, shopping & entertainment amenities of downtown Redwood City and quick access to highways 101,84,280.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1969
- Lot Size
- 7,150 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
Taft Elementary School
Grades K-5 • 0.3 mi
3/10
Fair Oaks Elementary School
Grades K-5 • 0.7 mi
2/10
John F. Kennedy Middle School
Grades 5-8 • 2.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,470 | 2,315.8 |
| Lot Size | 7,150 | 7,186.5 |
| Price | $1.50M | $1.70M |
| Price per sq ft | $607 | $707 |
| Built year | 1969 | 1956 |
| HOA | $0 | $0 |
| Days on market | 9 | 61 |
Pricing History
Listed for Sale
Aug 31, 2026
$1,500,000
Initial Listing
Sold
Apr 7, 2017
$2,875,000
Public Record
Sold
May 1, 2003
$650,000
Public Record