1334 Norman Street, Redwood City, California 94061, Redwood City, 94061 - bed, bath
ACTIVE$1,698,000
1334 Norman Street, Redwood City, California 94061
0Bed
0Bath
3,090Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: An excellent investment opportunity, this duplex generates substantial passive income with current rents totaling $6,436.80 per month, offering immediate cash flow.
Top Cons:
Property Age & Potential Future Costs: Built in 1975, while well-maintained, the underlying infrastructure may eventually require significant capital expenditures for updates to systems like plumbing, electrical, or roofing.
Compared to the nearby listings
Price:$1.70M vs avg $1.60M (+$99,000)50%
Size:3,090 sqft vs avg 2,692 sqft67%
Price/sqft:$550 vs avg $60350%
More Insights
Built in 1975 (50 years old).
Condition: The property was built in 1975, but the listing explicitly states that unit 1334 is 'completely updated.' The provided image of the bathroom for this unit confirms a modern renovation with contemporary finishes, including a shaker-style vanity, marble-look tile, and modern fixtures, suggesting the update occurred within the last 5-15 years. The overall description also notes 'well-maintained units.' While kitchen photos are not provided, the 'completely updated' status for one unit and the visible modern bathroom indicate that at least a significant portion of the property is move-in ready and has undergone recent, extensive renovations, aligning with the 'Good' condition criteria.
Year Built
1975
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$550
HOA
-
Days on market
-
Sold On
-
MLS number
ML82020399
Home ConditionGood
Features
View-
About this home
Excellent investment opportunity duplex on peaceful cul-de-sac. Close enough to enjoy all the life that downtown Redwood City has to offer, but tucked far enough away from busy streets for ultimate privacy. Located close to great schools and beautiful parks, the property is a hidden gem consisting of two large, well-maintained units: 1336: 2 STORY, 3BR/2.5BA (rent $3,436.80/mo.) 1334: Large 2BR/1BA (completely updated; rent $3000/mo.) Each unit has its own washer/dryer, fireplace, and private yard. There's a large carport and side yard area that easily fits five vehicles. This is a no-hassle property for passive income or a future residence for its new owner.
Nearby schools
4/10
Hawes Elementary School
Public,•K-5•0.3mi
5/10
Henry Ford Elementary School
Public,•K-5•1.0mi
5/10
John F. Kennedy Middle School
Public,•5-8•0.9mi
5/10
Roosevelt Elementary School
Public,•K-8•1.0mi
6/10
Woodside High School
Public,•9-12•1.9mi
Condition Rating
Good
The property was built in 1975, but the listing explicitly states that unit 1334 is 'completely updated.' The provided image of the bathroom for this unit confirms a modern renovation with contemporary finishes, including a shaker-style vanity, marble-look tile, and modern fixtures, suggesting the update occurred within the last 5-15 years. The overall description also notes 'well-maintained units.' While kitchen photos are not provided, the 'completely updated' status for one unit and the visible modern bathroom indicate that at least a significant portion of the property is move-in ready and has undergone recent, extensive renovations, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Strong Income Potential: An excellent investment opportunity, this duplex generates substantial passive income with current rents totaling $6,436.80 per month, offering immediate cash flow.
Prime Redwood City Location: Situated on a peaceful cul-de-sac, the property offers privacy while being conveniently close to downtown Redwood City's amenities, great schools, and beautiful parks.
Well-Maintained & Updated Units: Consisting of two large, well-maintained units, with one unit (1334) completely updated, reducing immediate capital expenditure for a new owner.
Desirable Unit Amenities: Each unit boasts highly sought-after features including its own washer/dryer, fireplace, and private yard, enhancing tenant appeal and retention.
Ample Parking: A significant advantage in the area, the property includes a large carport and side yard area that can easily accommodate up to five vehicles.
Cons
Property Age & Potential Future Costs: Built in 1975, while well-maintained, the underlying infrastructure may eventually require significant capital expenditures for updates to systems like plumbing, electrical, or roofing.
High Investment Threshold: The list price of $1.698 million represents a substantial financial commitment, potentially limiting the pool of prospective buyers.
Vague School District Information: The high school district is listed as 'Other,' which lacks specific details that could be important for owner-occupants or tenants prioritizing school quality.