3779 Hoover Street, Redwood City, California 94063, Redwood City, 94063 - 0 bed, 0 bath
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Redwood City, California 94063
This property presents a High-Potential Investment Opportunity with a List Price of $1,500,000—positioned above the $1,387,154 Fair Market Value. While the property requires capital for modernization, its Condition Rating of 5 and three-unit configuration offer significant upside for repositioning. The 5,686 sq. ft. lot provides excellent potential for expansion or ADU development in a high-demand tech corridor. This is a strategic value-add asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Property is extensive renovation needed.
Built in 1947 (77 years old), the property is significantly past the 30-year threshold for major systems. The listing explicitly highlights an 'opportunity to renovate' and 'reposition,' which are industry indicators that the interior, kitchens, and baths require substantial rehabilitation to meet modern standards and maximize rental income.
Ideally situated in the Friendly Acres neighborhood, the property offers proximity to major tech campuses in Menlo Park and Palo Alto, Highway 101, and downtown Redwood City, ensuring high rental demand.
Currently configured as three units, this property provides exceptional flexibility for investors seeking immediate rental income, multi-generational living, or an owner-occupant looking to offset their mortgage.
The generous lot size of nearly 6,000 sq. ft. offers significant upside for expansion, ADU additions, or outdoor enhancements to maximize the property's future market value.
Built in 1947, the property likely requires substantial capital investment for renovations and system upgrades to meet modern standards and achieve top-of-market rents.
The assigned elementary schools have low ratings (2 and 3), which may deter family-oriented tenants or buyers and potentially impact long-term appreciation compared to neighboring districts.
Rare investment opportunity in Redwood City's sought-after Friendly Acres neighborhood. Situated on a 5,951 sq. ft. lot, this versatile multi-family property offers exceptional potential for investors, owner-occupants, or buyers seeking long-term upside on the Peninsula. Currently configured as three units, the property provides flexibility for immediate rental income, multi-generational living, or a unique owner-occupant opportunity with additional income potential. With strong demand for well-located income properties, this offering presents an outstanding opportunity to renovate, reposition, or maximize future market rents. Ideally located minutes from Menlo Park, Palo Alto, major tech campuses, Highway 101, and downtown Redwood City dining and entertainment, the property combines convenience with long-term investment appeal. Generous outdoor space offers additional possibilities for expansion, entertaining, gardening, or future enhancements. Whether added to an investment portfolio or transformed into a personalized residence with income potential, 3779 Hoover Street represents a rare chance to secure a foothold in one of the Peninsula's most dynamic growth corridors.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.2 mi
Grades 5-8 • 3.4 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 | 2,010 | 2,010 | 50% |
| Lot Size | 5,686 | 5,907 | 33% |
| Price | $1.50M | $1.62M | 33% |
| Price per sq ft | $746 | $776 | 33% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 200 | 33% |
May 19, 2026
$1,500,000
Initial Listing