708 4th Ave, Redwood City, California 94063, Redwood City, 94063 - 10 bed, 4 bath

708 4th Ave, Redwood City, California 94063 home-pic-0
ACTIVE$1,400,000
708 4th Ave, Redwood City, California 94063
10Beds
4Baths
1,840Sqft
5,880Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: A rare four-unit property (including a permitted ADU and garage conversion) in a high-demand area, offering significant rental income streams for investors.
Top Cons:
Potential Permitting & Legal Discrepancies: Listed as a 'Single Family Residence' with four units, including a 'Detached Garage Conversion,' raises concerns about the full legality and permitting status of all units, potentially impacting financing and future resale. The low reported square footage (1840 sqft for 10 beds/4 baths) further suggests unpermitted additions or extremely compact living spaces.

Compared to the nearby listings

Price:$1.40M vs avg $1.37M (+$30,000)50%
Size:1,840 sqft vs avg 1,265 sqft88%
Price/sqft:$761 vs avg $1.1K8%

More Insights

Built in 1946 (79 years old).
Condition: Built in 1946, this multi-unit property is marketed as an 'investor special,' indicating a need for substantial rehabilitation. The images confirm this, showing kitchens and bathrooms with very outdated cabinetry, laminate/linoleum surfaces, and basic fixtures that appear to be 30-50+ years old. While functional, these areas require complete renovation to meet modern standards. Given the age, major systems like electrical, plumbing, and HVAC are likely original or very old, necessitating extensive repairs or replacement for safety and long-term viability.
Year Built
1946
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$761
HOA
-
Days on market
-
Sold On
-
MLS number
41106807
Home ConditionPoor
Features
Patio
View-

About this home

Investor special! Located in the heart of Redwood City, this unique multi-unit property offers huge potential for the right buyer/investor. Unit 1 (Front Lower Level) 3 Bedrooms | 1 Bathroom | Living Room | Kitchen | Laundry Area Spacious layout with front-facing access and lots of natural light. Unit 2 (Rear Lower Level) 3 Bedrooms | 1 Bathroom | Living Room | Kitchen | Laundry Room Tucked behind Unit 1, with its own private entrance and functional layout. Unit 3 (Upper Level) (permitted as an ADU with separate meter) 2 Bedrooms | 1 Bathroom (Laundry in Bathroom) | Kitchen | Living Room Located upstairs, this unit has great light and separation from the lower levels with its own wrap around patio. Unit 4 (Detached Garage Conversion) 2 Bedrooms | 1 Bathroom (Laundry Hookups in Bathroom) | Kitchen/Living Combo. Converted half the garage with its own charm. Each unit has its own private entrance, with no interior access between them, making this a great setup with tons of opportunity. Less than 5 miles from Stanford Hospital, Stanford University, and Meta headquarters, and just 2 miles from Kaiser, offering unbeatable convenience. Plus, enjoy endless shopping and dining nearby, with quick access to Caltrain, parks, and all the vibrant amenities downtown has to offer.

Condition Rating
Poor

Built in 1946, this multi-unit property is marketed as an 'investor special,' indicating a need for substantial rehabilitation. The images confirm this, showing kitchens and bathrooms with very outdated cabinetry, laminate/linoleum surfaces, and basic fixtures that appear to be 30-50+ years old. While functional, these areas require complete renovation to meet modern standards. Given the age, major systems like electrical, plumbing, and HVAC are likely original or very old, necessitating extensive repairs or replacement for safety and long-term viability.
Pros & Cons

Pros

Exceptional Income Potential: A rare four-unit property (including a permitted ADU and garage conversion) in a high-demand area, offering significant rental income streams for investors.
Strategic Location: Unbeatable proximity to major employment centers (Stanford University, Stanford Hospital, Meta headquarters, Kaiser) and downtown Redwood City amenities, ensuring strong tenant demand and long-term appreciation.
Independent Unit Access: Each unit features a private entrance, enhancing tenant privacy, reducing common area management, and appealing to a broader rental market.
Permitted ADU: The presence of a legally permitted ADU (Unit 3) with a separate meter adds verifiable value and simplifies regulatory compliance for that specific unit.
Versatile Rental Configurations: The diverse unit mix (two 3-bedroom, two 2-bedroom) allows for targeting various tenant demographics and maximizing occupancy rates.

Cons

Potential Permitting & Legal Discrepancies: Listed as a 'Single Family Residence' with four units, including a 'Detached Garage Conversion,' raises concerns about the full legality and permitting status of all units, potentially impacting financing and future resale. The low reported square footage (1840 sqft for 10 beds/4 baths) further suggests unpermitted additions or extremely compact living spaces.
Age and Condition: Built in 1946, the property is likely to require substantial capital investment for deferred maintenance, system upgrades (HVAC, plumbing, electrical), and modernization to meet current market expectations.
Implied Significant Work: The description 'Investor special' typically indicates that the property requires considerable renovation, management, or has complex issues that may deter less experienced buyers and necessitate significant upfront investment.

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