467 Center Street, Redwood City, California 94061, Redwood City, 94061 - 5 bed, 2 bath
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Redwood City, California 94061
This Multigenerational Residential Asset is a High-Potential Investment Opportunity, with a List Price of $1,490,000—positioned well below the $1,538,714 Fair Market Value by 3%. This valuation gap provides $48,714 in Instant Equity. Featuring a unique dual-kitchen layout and a Condition Rating of 4, the property offers immediate "house-hack" potential or rental income. Located in a walkable neighborhood near Red Morton Park and major Silicon Valley commuter routes, it balances lifestyle convenience with long-term appreciation. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 467 Center Street Subject | $1,490,000* List Price | 5 | 2 | 2,080 | $740 | - |
A 991 Valota Road Sold | $1,400,000 | 3 | 2 | 1,820 | $769 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and functional but significantly outdated. While clean and move-in ready, the interior features styles from several decades ago, including oak cabinetry, tile countertops, older appliances, and vintage bathroom fixtures. Built in 1946, the home shows regular upkeep but lacks recent modern renovations, fitting the criteria for a property that is aged but functional with outdated major components.
The unique layout features two separate living areas and two kitchens, providing an ideal setup for extended families or potential rental income opportunities.
Situated in a quiet, highly walkable neighborhood just blocks from Red Morton Park, the YMCA, and various shopping and dining options.
The property offers convenient proximity to CA-84, Highway 101, and Interstate 280, ensuring a seamless commute to major Silicon Valley tech hubs.
With five bedrooms but only two bathrooms, the home has a low bathroom-to-bedroom ratio which may be inconvenient for large households.
Built in 1946, the property likely requires significant modernization of its core systems and cosmetic finishes to meet contemporary luxury standards.
Welcome to 467 Center St. in beautiful Redwood City. This 5-bedroom, 2-bathroom home sits on a 6,000 sq. ft. lot in a quiet, walkable neighborhood. The front portion of the home features a spacious living, dining, and kitchen area, along with three sizable bedrooms and one bathroom. The back portion of the home offers a second kitchen and living area, two large bedrooms, one bathroom, and direct access to the backyard, making it perfect for multigenerational living. This property is located just blocks from shopping centers, restaurants, Red Morton Park, the YMCA, and more, with convenient access to CA-84/Woodside Rd., Highway 101, and Interstate 280.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-8 • 0.8 mi
Grades 5-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,080 | 1,715.5 | 70% |
| Lot Size | 5,967 | 6,216 | 34% |
| Price | $1.49M | $2.20M | 7% |
| Price per sq ft | $716 | $1.3K | 3% |
| Built year | 1946 | 1953 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 142 | 18% |
Mar 30, 2026
$1,490,000
$1,550,000
-4% Price Drop
Initial Listing
Mar 3, 2026
$1,550,000
Initial Listing