920 7th Avenue, Redwood City, California 94063, Redwood City, 94063 - bed, bath
ACTIVE$1,400,000
920 7th Avenue, Redwood City, California 94063
0Bed
0Bath
1,955Sqft
5,712Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Investment Opportunity: This fully occupied duplex offers immediate rental income, making it an excellent investment opportunity in a highly desirable Redwood City market.
Top Cons:
Age of Property Structure: Built in 1957, while interiors are updated, the underlying structure and potentially major systems (e.g., plumbing, electrical, roof) may be original or older, potentially leading to future maintenance concerns.
Compared to the nearby listings
Price:$1.40M vs avg $1.40M (+$0)50%
Size:1,955 sqft vs avg 2,476 sqft29%
Price/sqft:$716 vs avg $54571%
More Insights
Built in 1957 (68 years old).
Condition: The property, built in 1957, has undergone significant interior renovations, as evidenced by the updated kitchens with modern dark cabinets, light countertops, and stainless steel appliances, as well as renovated bathrooms featuring clean tile work. Newer laminate wood flooring is present throughout the living areas. These updates make the property move-in ready with no immediate cosmetic renovations required. However, the lack of specific details regarding updates to major systems (HVAC, electrical, plumbing, roof) for a property of this age prevents an 'Excellent' rating, as these components may not be within their expected lifespan.
Year Built
1957
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$716
HOA
-
Days on market
-
Sold On
-
MLS number
ML82020967
Home ConditionGood
Features
View-
About this home
This fully occupied duplex-style home is listed for sale at $1,400,000 and offers an excellent investment opportunity in a prime Redwood City location. The property features updated kitchens and appliances, renovated bathrooms, and newer hardwood flooring throughout. A cozy fireplace adds charm, newer fencing, driveway and additional off-street parking provide both convenience and privacy. With easy access to Highway 101 and the Dumbarton Bridge, and located just minutes from vibrant Downtown Redwood City, this property combines modern updates with unbeatable accessibility.
Condition Rating
Good
The property, built in 1957, has undergone significant interior renovations, as evidenced by the updated kitchens with modern dark cabinets, light countertops, and stainless steel appliances, as well as renovated bathrooms featuring clean tile work. Newer laminate wood flooring is present throughout the living areas. These updates make the property move-in ready with no immediate cosmetic renovations required. However, the lack of specific details regarding updates to major systems (HVAC, electrical, plumbing, roof) for a property of this age prevents an 'Excellent' rating, as these components may not be within their expected lifespan.
Pros & Cons
Pros
Prime Investment Opportunity: This fully occupied duplex offers immediate rental income, making it an excellent investment opportunity in a highly desirable Redwood City market.
Strategic Location & Accessibility: Situated in a prime Redwood City location with unbeatable accessibility to Highway 101, the Dumbarton Bridge, and minutes from vibrant Downtown Redwood City, appealing to commuters and those seeking urban amenities.
Extensive Interior Updates: The property boasts updated kitchens, appliances, renovated bathrooms, and newer hardwood flooring throughout, reducing immediate renovation costs for a new owner.
Enhanced Exterior Features: Newer fencing, a refreshed driveway, and additional off-street parking provide convenience, privacy, and improved curb appeal.
Immediate Cash Flow: Being fully occupied, the property provides immediate cash flow for an investor, eliminating the vacancy period often associated with new acquisitions.
Cons
Age of Property Structure: Built in 1957, while interiors are updated, the underlying structure and potentially major systems (e.g., plumbing, electrical, roof) may be original or older, potentially leading to future maintenance concerns.
Lack of Major System Update Details: The description highlights cosmetic and interior renovations but lacks specific information on updates to critical systems like HVAC, roof, or electrical, which are significant considerations for an older income property.
Tenant Management Responsibilities: As a fully occupied duplex, the new owner will immediately inherit existing tenants, requiring active tenant management, adherence to lease agreements, and potential navigation of local landlord-tenant laws.