NOT LISTED FOR SALE

2561 El Camino Real Redwood City, CA 94061

Redwood Village Neighborhood
3 Beds
2 Baths
6,385 Sq Ft
0.32 Acres

Last Sold December 16, 2019

Last sale price $3,050,000 $478 Per Sq Ft

213 Days on Market

Highlights

  • 0.32 Acre Lot
  • Secured Garage or Parking
  • 4-minute walk to Linden Park
  • Woodside High School Rated A

About This Home

As of December 2019

Please do not disturb tenants. 100% Occupancy; below market rents, rents can be raised significantly. Mixed-use 6 units; two commercial retail spaces; one commercial retail space is 1,650 sq.ft., another commercial retail space is 1,500 sq.ft. One 2 bed/1 bath upstairs, one 1 bed/1 bath upstairs, two non-conforming 1 bed/1 bath downstairs. On-site parking for 13 parking spaces; New roof; Excellent two-street access.. Three parcels: APN: 054-261-230; APN: 054-261-220; APN: 054-261-210. 2561 & 2567 on El Camino Zoned C-2; Rear lot, 11 Northumberland, Zoned R-3. North Fair Oaks General Plan Area. Non incorporated RWDCT.

Last Agent to Sell the Property

Frank Ruan

Stanford Professional Realty Inc License #01438779 Listed on: 05/10/2019

Last Buyer's Agent

Frank Ruan

Stanford Professional Realty Inc License #01438779 Listed on: 05/10/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,083

Year Built

  • 1954

Lot Details

  • 0.32

Home Design

  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,385 Sq Ft Home
  • 2-Story Property

Parking

  • 13 Parking Spaces
  • Secured Garage or Parking
  • Uncovered Parking

Additional Features

  • 0.32 Acre Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $192,000

Community Details

Overview

  • 6,385 Sq Ft Building

Building Details

  • 6 Leased Units
  • Insurance Expense $2,200
  • Maintenance Expense $2,000
  • Utility Expense $2,000
  • Trash Expense $3,000
  • Operating Expense $44,988
  • Gross Income $192,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,083

Year Built

1954

Lot Details

0

Listing Details

  • Zoning: C-2 & R-3
  • Subclass: Multiple Dwellings / Structures
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 6385
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Living Sq Ft: 6385
  • Stories: 2
  • Security: Secured Garage / Parking

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Rolled Composition

Garage/Parking

  • Parking Spaces: 13
  • Garage Parking Features: Parking Area, Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.3214
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14000.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 16.15
  • Number Of Leased: 6

Multi Family

  • Utilities: Natural Gas
  • Expense Insurance: 2200
  • Expense Maintenance: 2000
  • Expenses Total: 44988
  • Expenses Utility: 2000
  • Expense Trash: 3000
  • Income Annual Gross: 192000.00
  • Income Annual Rental: 192000
  • Income Gross Scheduled: 192000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Miscellaneous/Other, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2019
Closed on
Dec 12, 2019
Sold by
New River Development Llc
Bought by
Commons Hotels Llc
Seller's Agent
Frank Ruan
Stanford Professional Realty Inc
Buyer's Agent
Frank Ruan
Stanford Professional Realty Inc
List Price
$3,100,000
Sold Price
$3,050,000
Premium/Discount to List
-$50,000
-1.61%

Purchase Details

Listed on
Feb 19, 2016
Closed on
Apr 15, 2016
Sold by
Baez Celia
Bought by
New River Development Llc
Seller's Agent
Catherine Vallee
Berkshire Hathaway HomeServices DrysdaleProperties
Buyer's Agent
Frank Ruan
Stanford Professional Realty Inc
List Price
$2,000,000
Sold Price
$2,760,000
Premium/Discount to List
$760,000
38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.77%

Purchase Details

Closed on
Dec 29, 2006
Sold by
Baez Pedro M and Baez Celia
Bought by
Baez Pedro M and Baez Celia
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Commons Hotels Llc $3,050,000 Chicago Title Company
New River Development Llc $2,760,000 Old Republic Title Company
Baez Pedro M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner New River Development Llc $1,250,000
Previous Owner Baez Pedro $775,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $3,050,000 -1.6% $478 / Sq Ft
12/10/2019 12/10/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $3,100,000 0.0% $486 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $3,100,000 +12.3% $486 / Sq Ft
04/20/2016 04/20/16 Sold $2,760,000 +38.0% $552,000 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $2,000,000 -- $400,000 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,083 $3,335,611 $3,084,077 $251,534
2023 $18,083 $1,235,131 $1,145,783 $89,348
2022 $16,528 $1,210,914 $1,123,317 $87,597
2021 $16,068 $1,187,172 $1,101,292 $85,880
2020 $16,102 $1,197,235 $1,090,000 $107,235
2019 $15,238 $1,135,653 $1,049,746 $85,907
2018 $14,868 $1,113,822 $1,029,163 $84,659
2017 $14,065 $1,095,936 $1,008,984 $86,952
2016 $6,134 $384,117 $253,938 $130,179
2015 $5,848 $375,176 $250,124 $125,052
2014 $5,584 $365,993 $245,225 $120,768
Source: Public Records

Agents Affiliated with this Home

  • Frank Ruan

    Seller's Agent in 2019

    Frank Ruan

    Stanford Professional Realty Inc

    (650) 400-0085

    33 Total Sales

    Frank Ruan
    Section Image
  • Catherine Vallee

    Seller's Agent in 2016

    Catherine Vallee

    BHHS Drysdale

    (650) 568-5514

    11 Total Sales

    Catherine Vallee
    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Louise Guzzo

    BHHS Drysdale

    Section Image
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Map

Source: MLSListings

MLS Number: ML81751461

MLSListings

APN: 054-261-230

California San Mateo County Redwood City 94061 Redwood Village

2561 El Camino Real, Redwood City, CA

This home is located at 2561 El Camino Real, Redwood City, CA 94061 since 10 May 2019. This property was built in 1954. 2561 El Camino Real is a home located in San Mateo County with nearby schools including Garfield Elementary School, John F. Kennedy Middle School, and Woodside High School.

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