$2,760,000
SOLD APR 20, 2016

2561 El Camino Real Redwood City, CA 94061

Redwood Village Neighborhood
4 Beds
3 Baths
5 Sq Ft
0.32 Acres

Recently Sold

$552,000 Per Sq Ft

38% Above List Price

52 Days on Market

Highlights

  • City Lights View
  • 0.32 Acre Lot
  • High Ceiling
  • Woodside High School Rated A
  • Contemporary Architecture
  • 4-minute walk to Linden Park

About This Home

As of December 2019

Please do not disturb tenants. Mixed-use 6 units; 1 Owner user commercial 1,650 sqft, 1 Commercial space, 1-2BR/1BA upstairs, 1-1BR/1BA upstairs, 2 non-conforming 1Br/1BA's downstairs. Three parcels: 2561 & 2567 on El Camino Zoned C2. Rear lot 11 Northumberland zoned R3. North Fair Oaks General Plan Area, Non incorporated RWDCTY

Last Agent to Sell the Property

Catherine Vallee

Berkshire Hathaway HomeServices DrysdaleProperties License #01194676 Listed on: 02/19/2016

Berkshire Hathaway HomeServices DrysdaleProperties

Co-Listed By

Louise Guzzo

Berkshire Hathaway HomeServices DrysdaleProperties License #00210625

Last Buyer's Agent

Frank Ruan

Stanford Professional Realty Inc License #01438779

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,083

Year Built

  • 1952

Lot Details

  • 0.32 Acre Lot
  • Mostly Level
  • Zero Lot Line

Home Design

  • Contemporary Architecture
  • Spanish Architecture
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Storage Room
  • Tile Flooring
  • City Lights Views

Parking

  • 13 Parking Spaces
  • Covered Parking
  • Lighted Parking
  • Guest Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $127,200

Community Details

Overview

  • 5 Sq Ft Building

Building Details

  • 6 Leased Units
  • Gross Income $124,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,083

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: C2
  • Subclass: Multiple Dwellings / Structures
  • Style: Contemporary, Spanish
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit
  • Living Sq Ft: 5
  • Stories: 2
  • Flooring: Tile
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Rolled Composition
  • View: City Lights
  • Construction Type: Concrete Block, Wood Frame

Garage/Parking

  • Parking Spaces: 13
  • Garage Parking Features: Common Parking Area, Drive Through, Guest / Visitor Parking, Lighted Parking Area, Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Mostly Level, Zero Lot Line
  • Lot Acres: 0.3210
  • 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): Month To Month
  • Gross Rent Multiplier: 15.72
  • Number Of Leased: 6

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 124656.00
  • Income Annual Rental: 127200
  • Income Gross Scheduled: 127200
  • Income Includes: Lease, Owners Unit Rental
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Vacancy Factor: 2

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 Type Sale Price Title Company
Grant Deed $3,050,000 Chicago Title Company
Grant Deed $2,760,000 Old Republic Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,250,000 Commercial
Previous Owner $775,000 Commercial
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: ML81561384

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 and is currently priced at $2,760,000, approximately $552,000 per square foot. This property was built in 1952. 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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