
Redwood City, California 94063
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,500,000—positioned well below the $1,519,666 Fair Market Value by 1.29%. This valuation gap offers $19,666 in Instant Equity. With a Fair Condition Rating, the property provides significant value-add potential through interior modernization. Featuring a (1) 2BD/1BA and (3) 1BD/1BA unit mix and SB-721 compliance, it is a stable asset for Buy-and-Hold Investors or Value-Add Developers seeking strong cash flow in a high-demand Silicon Valley rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 557 Hampshire Avenue Subject | $1,500,000* List Price | 0 | 0 | 3,300 | $461 | - |
A 57 Dumbarton Avenue Active | $1,650,000 List Price | 0 | 0 | 3,478 | $474 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this 62-year-old fourplex is functional but dated. While photos show some partial interior updates (modern bathroom tiling), the listing explicitly mentions the need for strategic interior improvements as units turn over. The exterior pavement and overall building systems reflect its age, placing it in the 'Fair' category for properties needing minor repairs and modernization.
Generating nearly $10,000 in monthly rental income at a $1.5M price point, this property offers a rare high-yield opportunity and strong in-place cap rate for the Peninsula market.
Centrally positioned with easy access to Highway 101, Caltrain, and major employment hubs in Palo Alto and Menlo Park, ensuring robust and consistent rental demand.
The property has already completed the required SB-721 balcony inspection and features a large private backyard for the 2BD unit, providing both reduced liability and clear value-add potential through interior upgrades.
The assigned elementary and middle schools carry low ratings (2/10 and 3/10), which may deter family-oriented tenants and impact long-term appreciation potential.
Built in 1962, the property may require significant ongoing capital expenditures for aging systems and infrastructure compared to more modern residential income assets.
Magnify is pleased to present 557 Hampshire Avenue, an excellent opportunity to acquire one of the lowest-priced fourplexes on the Peninsula, offering exceptional value for investors seeking strong in-place cash flow with upside potential. Built in 1962, the building consists of approximately 3,300 square feet on a 5,000 square foot lot and features a desirable unit mix of (1) 2BD/1BA and (3) 1BD/1BA residences, offering an attractive investment in one of the Peninsula's strongest rental markets. The property generates nearly $10,000 per month in rental income with the opportunity to further increase cash flow through strategic interior improvements as units turn over. The spacious downstairs 2BD/1BA residence enjoys a large private backyard that enhances tenant appeal, and the building has completed its SB-721 inspection. Located just minutes from vibrant downtown Redwood City, the property is centrally positioned on the Peninsula with convenient access to Highway 101, El Camino Real, Caltrain, and major employment centers. Atherton, Menlo Park, Palo Alto, and Stanford University are all within approximately 15 minutes, positioning 557 Hampshire Avenue to benefit from robust rental demand, long-term income growth potential, and outstanding connectivity throughout Silicon Valley.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,300 | 2,590 |
| Lot Size | 5,000 | 8,986.5 |
| Price | $1.50M | $1.79M |
| Price per sq ft | $455 | $755 |
| Built year | 1962 | 1954 |
| HOA | $0 | $0 |
| Days on market | 8 | 65 |
Jul 14, 2026
$1,500,000
Initial Listing
Oct 21, 2005
$825,000
Public Record
Apr 4, 2002
$675,000
Public Record
Apr 2, 1999
$85,500
Public Record
Dec 3, 1997
$289,000
Public Record