545 Hampshire Avenue, Redwood City, California 94063, Redwood City, 94063 - bed, bath
545 Hampshire Avenue
Redwood City, California 94063
Property Price
SUMMARY
Analysis of 545 Hampshire Avenue, Redwood City, California 94063 is currently available with a list price of $1,628,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redwood City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1962, this fourplex is in functional condition but shows clear signs of age. While the interiors feature some updates such as laminate flooring and newer appliances in some units, the cabinetry, wall-mounted heating units, and bathroom fixtures are dated. The property appears to have been maintained through regular upkeep rather than a comprehensive modern renovation, placing it firmly in the 'fair' category as an aged but stable investment asset.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Yield
Offered at one of the lowest price points for a fourplex in the Bay Area, the property features a nearly 5% cap rate, providing immediate cash flow and strong long-term upside.
- Favorable Financing Options
As a four-unit asset, the property qualifies for attractive residential financing, allowing investors to secure better terms and lower interest rates compared to commercial loans.
- Strategic Peninsula Location
The property is situated in a prime, commuter-friendly location near major Silicon Valley employers, transit hubs, and downtown Redwood City amenities, ensuring high tenant demand.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The assigned elementary and middle schools have low ratings (2/10 and 3/10), which may deter families and impact the property's long-term appreciation potential.
- Aging Infrastructure
Built in 1962, the property may require significant capital expenditures for modernization and maintenance to address the wear and tear of a 60-plus-year-old structure.
About 545 Hampshire Avenue
Marcus & Millichap is pleased to present 545 Hampshire Avenue, a well-located four-unit apartment property in the heart of Redwood City on the highly sought-after Peninsula. The asset features an attractive unit mix of one two-bedroom/one-bath unit and three one-bedroom/one-bath units, appealing to a broad tenant base. Offered at one of the lowest price points for a fourplex in the Bay Area, the property provides an exceptional entry point for investors, with current income supporting a nearly 5% cap rate and the ability to secure attractive residential financing. Positioned in a prime, commuter-friendly location near major employers, transit, and downtown Redwood City amenities, 545 Hampshire Avenue presents a rare opportunity to acquire a stable Peninsula asset with strong long-term upside.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redwood City Unified Schools
Fair Oaks Elementary School
Grades K-5 • 0.2 mi
Taft Elementary School
Grades K-5 • 0.8 mi
Garfield Elementary School
Grades K-8 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,200 | 2,478 | 57% |
| Lot Size | 5,000 | 5,907 | 43% |
| Price | $1.63M | $1.57M | 57% |
| Price per sq ft | $509 | $509 | 50% |
| Built year | 1962 | 1961 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 192 | 14% |
Pricing History
Listed for Sale
Feb 19, 2026
$1,628,000
Initial Listing
Sold
Mar 18, 2022
$1,642,500
Public Record
Sold
Feb 24, 2004
$700,000
Public Record