124 Oakwood Drive, Redwood City, California 94061, Redwood City, 94061 - 0 bed, 0 bath
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Redwood City, California 94061
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $1,985,000. While currently priced above the $1,817,525 Fair Market Value, the property offers significant utility through its turnkey condition and vacant delivery. Featuring granite kitchens, private patios, and garages, this Condition Rating 3 asset is optimized for immediate rental income or "house-hacking." Located near Woodside High School, it provides a stable, low-maintenance profile for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs with built-in income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 124 Oakwood Drive Subject | $1,985,000* List Price | 0 | 0 | 2,241 | $811 | - |
A 1104 Ebener Street Sold | $1,595,000 | 0 | 0 | 2,080 | $767 | 0.9 mi |
B 16181620 Union Avenue Sold | $2,200,000 | 0 | 0 | 3,100 | $710 | 0.7 mi |
C 1318 Hudson St Sold | $1,400,000 | 0 | 0 | 1,749 | $800 | 0.7 mi |
D W Oakwood Boulevard Pending | $2,395,000 List Price | 0 | 0 | 2,900 | $826 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1961 but features a comprehensive renovation likely completed within the last 5-15 years. The kitchens are updated with granite countertops, stainless steel appliances, and modern cabinetry, while bathrooms feature contemporary vanities and tile work. The interior shows well-maintained flooring, recessed lighting, and shutters, making it fully move-in ready.
The property is delivered fully vacant, providing a rare opportunity for an investor to set market-rate rents immediately or for an owner-occupant to 'house-hack' by living in one unit while offsetting the mortgage with rental income.
Unlike typical multi-family builds, these units are connected only by the garages, significantly reducing noise transfer and offering a living experience that feels more like two detached single-family homes.
Both units feature high-quality modern updates, including granite countertops, stainless steel appliances, and glass-enclosed tile showers, minimizing the need for immediate post-purchase capital improvements.
With a construction date of 1961, the property may have aging underlying systems such as plumbing or electrical that could require maintenance despite the cosmetic interior renovations.
The assigned public schools carry mid-range ratings (5-6), which may be a drawback for families specifically seeking the top-tier educational scores often found in neighboring Peninsula communities.
Set in one of the Peninsula's most sought-after pockets, this fully vacant duplex offers flexibility for whatever you're looking for whether that's an investment to add to your portfolio or a place to call home while generating additional income. A gated, shared driveway leads through mature landscaping and citrus trees to two units, each offering 2 bedrooms and 1 bathroom. Living rooms are anchored by tiled fireplaces, complemented by wood louvered shutters and ceiling fans. Kitchens feature granite counters, tile backsplashes, and stainless steel appliances including a dishwasher, plus eat-in dining space. Bathrooms have granite vanities and glass-enclosed tile shower stalls. Each unit has its own garage, connected only by the garages for added privacy, with washer and dryer included. Unit 124 offers a manicured front garden, a paved front patio, and a private back patio under a covered pergola for exclusive use. Unit 126 features a back patio with lawn space and an elevated deck off the living room, surrounded by lush landscaping for shaded privacy. Just steps from Atherton, in a walkable neighborhood with easy Caltrain and freeway access a smart addition to any investment portfolio or a comfortable home base with built-in income potential!
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-8 • 0.8 mi
Grades 5-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,241 | 2,590 |
| Lot Size | 6,493 | 8,986.5 |
| Price | $1.99M | $1.79M |
| Price per sq ft | $886 | $755 |
| Built year | 1961 | 1954 |
| HOA | $0 | $0 |
| Days on market | 13 | 65 |
Jul 9, 2026
$1,985,000
Initial Listing