NOT LISTED FOR SALE

2937 Calvin Ave Redwood City, CA 94063

North Fair Oaks Neighborhood

Estimated Value: $1,312,000 - $1,942,000

6 Beds
4 Baths
3,866 Sq Ft
$431/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $1,400,000 $362 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $11,060/month

104 Days on Market

About This Home

As of December 2023

***** BACK ON THE MARKET***** DID NOT REMOVE CONTINGENCIES***** Start your investment portfolio Here! Fully occupied 4-plex with opportunity to capitalize on the exponentially growing Redwood City rental market, very spacious units with enclosed garages, 2- 2bedrooms 1 bath with large balcony and 2- 1bedroom 1 bath with back yards. All units have dual pane windows and are under yearly leases.

Last Agent to Sell the Property

Arnoldo Arreola

RE/MAX Gold Redwood Shores. License #00671401 Listed on: 08/08/2023

RE/MAX Gold Redwood Shores.

Co-Listed By

Luis Navarrete

RE/MAX Gold Redwood Shores. License #02153072

Last Buyer's Agent

Juan De Leon

Cornish & Carey Commercial License #01383120

Cornish & Carey Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,946

Year Built

  • 1962

Lot Details

  • 5,001 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,866 Sq Ft Home
  • 2-Story Property

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $97,800

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,350
  • Maintenance Expense $3,684
  • Utility Expense $5,801
  • Trash Expense $5,792
  • Operating Expense $32,909
  • Gross Income $94,866

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,946

Year Built

1962

Lot Details

0

Parking

4

Listing Details

  • Zoning: R300S5
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3866
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3866
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.33
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1350
  • Expense Maintenance: 3684
  • Expenses Total: 32909
  • Expenses Utility: 5801
  • Expense Trash: 5792
  • Income Annual Gross: 94866.00
  • Income Annual Rental: 97800
  • Income Gross Scheduled: 97800
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Dec 8, 2023
Sold by
Onward Investment Properties Llc
Bought by
Yang Shen Separate Property Trust and Leon
Seller's Agent
Arnoldo Arreola
RE/MAX Gold Redwood Shores.
Buyer's Agent
Juan De Leon
Cornish & Carey Commercial
List Price
$1,499,000
Sold Price
$1,400,000
Premium/Discount to List
-$99,000
-6.6%
Views
127
Current Estimated Value
$1,666,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,637
Avg. Annual Appreciation
11.74%
Original Mortgage
$700,000
Outstanding Balance
$689,554
Interest Rate
7.5%
Mortgage Type
Construction
Estimated Equity
$977,083

Purchase Details

Closed on
Jul 18, 2022
Sold by
Moreno Navarrete Luis and Rosa Alma
Bought by
Onward Investment Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Yang Shen Separate Property Trust $1,400,000 Chicago Title Company
Onward Investment Properties Llc -- --
Navarrete Luis Moreno -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Shen Separate Property Trust $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $1,400,000 -6.6% $362 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $1,499,000 0.0% $388 / Sq Ft
08/26/2023 08/26/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $1,499,000 -- $388 / 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 $21,946 $1,456,560 $915,552 $541,008
2023 $21,946 $411,500 $95,686 $315,814
2022 $10,263 $403,432 $93,810 $309,622
2021 $10,101 $395,522 $91,971 $303,551
2020 $9,922 $391,467 $91,028 $300,439
2019 $9,659 $383,793 $89,244 $294,549
2018 $9,128 $376,269 $87,495 $288,774
2017 $8,332 $368,892 $85,780 $283,112
2016 $7,939 $361,660 $84,099 $277,561
2015 $7,632 $356,228 $82,836 $273,392
2014 $7,437 $349,251 $81,214 $268,037
Source: Public Records

Agents Affiliated with this Home

  • Arnoldo Arreola

    Seller's Agent in 2023

    Arnoldo Arreola

    RE/MAX

    (650) 207-1777

    2 in this area

    19 Total Sales

    Arnoldo Arreola
    Section Image
  • Luis Navarrete

    Seller Co-Listing Agent in 2023

    Luis Navarrete

    RE/MAX

    (650) 474-1046

    1 in this area

    5 Total Sales

    Luis Navarrete
    Section Image

  • J

    Buyer's Agent in 2023

    Juan De Leon

    Cornish & Carey Commercial

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81937633

MLSListings

APN: 054-203-140

California San Mateo County Redwood City 94063 North Fair Oaks

2937 Calvin Ave, Redwood City, CA

This home is located at 2937 Calvin Ave, Redwood City, CA 94063 since 08 August 2023 and is currently estimated at $1,666,637, approximately $431 per square foot. This property was built in 1962. 2937 Calvin Ave is a home located in San Mateo County with nearby schools including Garfield Elementary School, John F. Kennedy Middle School, and Woodside High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes