545 Hampshire Avenue, Redwood City, California 94063, Redwood City, 94063 - 0 bed, 0 bath
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Redwood City, California 94063
This Residential Income Quadruplex presents a strategic entry into the Peninsula market with a List Price of $1,550,000. Positioned as one of the most affordable multi-unit assets in the area, it offers a stable nearly 5% cap rate relative to its $1,405,969 Fair Market Value. The asset carries a Condition Rating of 5, requiring a full rehab of its 1962 infrastructure. While served by Fair Oaks Elementary and Sequoia High School, the primary appeal is its high-yield potential. Featuring a private patio, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 545 Hampshire Avenue Subject | $1,550,000* List Price | 0 | 0 | 3,200 | $439 | - |
A 208 3rd Avenue Sold | $1,575,000 | 0 | 0 | 3,794 | $415 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 with no evidence of major renovations. The kitchens feature severely dated, worn cabinetry and older appliances. The units utilize dated wall heaters rather than modern HVAC, and the exterior shows significant deferred maintenance, including cracked concrete and makeshift fencing, indicating the property requires a full rehab.
The property boasts a nearly 5% cap rate, which is exceptionally high for the Peninsula market, offering investors immediate cash flow and the ability to secure attractive residential financing.
Offered at one of the lowest price points for a fourplex in the Bay Area, this asset provides a rare, accessible entry point into a high-demand real estate market.
Positioned near major employers, transit corridors, and downtown Redwood City, the property is ideally located to attract a stable and diverse tenant base.
The local elementary and middle schools carry low ratings (2/10 and 3/10), which may deter families and limit the property's appeal to a specific segment of the rental market.
Built in 1962, the property may require significant capital expenditures for modern upgrades or deferred maintenance to remain competitive with newer residential income assets.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-8 • 0.7 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 | 3,200 | 2,477 | 67% |
| Lot Size | 5,000 | 5,453.5 | 50% |
| Price | $1.55M | $1.45M | 50% |
| Price per sq ft | $484 | $545 | 33% |
| Built year | 1962 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 220 | 17% |
Apr 20, 2026
$1,550,000
$1,628,000
-5% Price Drop
Initial Listing
Feb 19, 2026
$1,628,000
Initial Listing
Mar 18, 2022
$1,642,500
Public Record
Feb 24, 2004
$700,000
Public Record