322 1st Avenue, Redwood City, California 94063, Redwood City, 94063 - 3 bed, 2 bath
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Redwood City, California 94063
This property presents a High-Potential Investment Opportunity with a List Price of $975,000—positioned well below the $1,025,929 Fair Market Value by 4%. This valuation gap offers $50,929 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant rehabilitation, yet the large lot, detached garage with bonus room, and unused pool provide substantial value-add potential. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize ROI in a prime Redwood City commuter location.
Property is extensive renovation needed.
Built in 1940, this 84-year-old property requires significant rehabilitation. While it features some minor cosmetic updates like laminate flooring and newer kitchen appliances, the overall structure shows signs of age, including visible surface-mounted electrical conduit and a weathered exterior. The listing's emphasis on 'TLC,' 'reimagining' the outdoor space, and an 'unused pool' suggests the property needs more than just minor repairs to meet modern standards.
The property includes a detached garage with a flexible bonus room, providing an ideal setup for a home office, gym, or workshop that adds significant functional value.
With a generous lot size, an unused pool area, and an interior needing TLC, this home presents a prime opportunity for investors or homeowners to build equity through customization.
Conveniently located near Costco, Sigona's Farmers Market, and major commuter routes, the property offers excellent accessibility to essential amenities and Silicon Valley employment hubs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The home requires interior updates and the restoration or removal of an unused pool, indicating that immediate capital investment will be necessary after purchase.
The immediate elementary and middle schools serve the area with low ratings (2 and 3), which may be a drawback for families prioritizing high-performing school districts.
Opportunity awaits at 322 1st Ave in Redwood City! This charming 3-bedroom, 1.5-bath home sits on a generously sized lot and offers endless possibilities for homeowners, investors, or those looking to create their dream property. The spacious driveway accommodates 4+ vehicles and leads to a detached garage with a versatile bonus room located behind it perfect for a home office, workshop, gym, or additional storage. The kitchen features updated appliances, while the interior could benefit from some TLC, making it a wonderful opportunity to customize and add value. Step outside to discover a covered porch with the 1/2 bath steps away from the unused pool, providing the potential to restore, redesign, or reimagine the outdoor space to suit your lifestyle. Conveniently located near Costco, Sigona's Farmers Market, Capelo's Barbecue, local coffee shops, restaurants, shopping, and commuter routes, this property combines location, space, and potential in one exceptional package. Don't miss this rare chance to unlock the possibilities and make this Redwood City property your own!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,328 | 1,523.5 |
| Lot Size | 5,742 | 6,665 |
| Price | $975.0K | $2.23M |
| Price per sq ft | $734 | $1.3K |
| Built year | 1940 | 1951 |
| HOA | $0 | $0 |
| Days on market | 38 | 32 |
Jun 14, 2026
$975,000
Initial Listing
Nov 20, 2019
$875,000
Public Record
May 29, 2019
$550,000
Public Record