
Redwood City, California 94063
This Quadruplex Residential Income property is a Strong Value Opportunity, listed at $2,150,000—positioned well below the $2,438,400 Fair Market Value by 11%. This valuation gap offers $288,400 in Instant Equity. With a Condition Rating of 4, the building is well-maintained but offers significant upside through cosmetic modernization. Featuring private courtyards and independent two-car garages, this asset provides high rental demand near downtown Redwood City. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add multi-family investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 306 Beech Street Subject | $2,150,000* List Price | 0 | 0 | 5,972 | $408 | - |
A 1110 Allerton Street Active | $1,599,995 List Price | 0 | 0 | 3,941 | $406 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old), the property is well-maintained but dated. While bathrooms show some mid-life updates (granite counters, newer vanities), the kitchens and overall finishes appear to be 15-30 years old. The presence of window AC units suggests older mechanical systems. It is functional and move-in ready but requires cosmetic modernization to reach top market value.
Situated on a corner lot within walking distance to the vibrant and expanding downtown Redwood City, offering high tenant demand and significant long-term appreciation potential.
Each of the four units features an independent two-car garage plus additional off-street parking, a rare and highly desirable amenity for multi-family properties that increases rental value.
With nearly 6,000 sqft of living space, the units offer generous floor plans and private courtyards, providing a single-family home feel that attracts and retains high-quality tenants.
Built in 1979, the property may require capital expenditures for modernizing interiors or mechanical systems to compete with newer luxury developments in the area.
The assigned elementary and middle schools carry moderate ratings (4 and 5), which may be a consideration for long-term tenants with school-aged children.
If you are looking for an incredibly large four-unit building where each tenant has an independent two-car garage plus a private courtyard and better yet, its all within walking distance to the continuing expansion of Redwood City's amazing downtown, you have found it! This building has been in the same family for many years and has been well-maintained during that time. Two of the units are large two bedroom two bath apartments, along with a third unit with two bedrooms and one bath, and a fourth unit consisting of one bedroom and one bath. There is plenty of off-street parking in front of each of the two-car garages as well as a prime location with a corner lot. These units are low maintenance and practically manage themselves so if you are looking for an investment or even an opportunity to occupy for yourself Put these prime four units at the top of your must see list!
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,972 | 2,384 | 67% |
| Lot Size | 8,070 | 6,037 | 67% |
| Price | $2.15M | $1.85M | 67% |
| Price per sq ft | $360 | $776 | 33% |
| Built year | 1979 | 1955 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 200 | 33% |
May 7, 2026
$2,150,000
Initial Listing