$1,998,000

Estimated payment $12,076/month

Total Views 3,806
5 Beds
5 Baths
2,720 Sq Ft
$735 Price per Sq Ft

Highlights

  • Wood Flooring
  • Cottage
  • Washer and Dryer
  • Menlo-Atherton High School Rated A
  • Forced Air Heating System
  • 1-Story Property

About This Home

Large Price Adjustment Great for an investor, developer or end user. This is a phenomenal opportunity to purchase this spacious property in the North Fair Oaks neighborhood. Located on a charming treelined street it is an inviting spot to make a home. The spacious home was divided into a duplex by the former owner. There is also a a unit in back that was permitted as a recreation room. All of the spaces are currently rented. The flooring throughout adds a touch of elegance and complements the home's design. While the property does not include cooling, the wall furnace heating system ensures comfort during cooler months. The detached back unit has heating and air conditioning. The other 2 units do not have air conditioning With a lot size of 6,738 sq ft, there's potential for outdoor enjoyment and activities. Located in the Redwood City Elementary School District, this home offers accessibility to local educational institutions. The property also includes a 2-car garage, providing ample parking and storage options. Don't miss the opportunity to make this Menlo Park gem your own.

Listing Agent

Pamela Culp

Compass License #00896337 Listed on: 07/31/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,177

Year Built

  • 1950

Lot Details

  • 6,739 Sq Ft Lot

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Cottage
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,720 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Disposal
  • Washer and Dryer

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • 2,720 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,800
  • Maintenance Expense $1,400
  • Trash Expense $800
  • Operating Expense $14,788
  • Gross Income $84,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,177

Year Built

1950

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Style: Cottage
  • Age: 75
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2720
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Appliances - Vary By Unit, Garbage Disposal, Varies By Unit
  • Living Sq Ft: 2720
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab, Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1547
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6738.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6738.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 21.35
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2800
  • Expense Landscape: 1200
  • Expense Maintenance: 1400
  • Expenses Total: 14788
  • Expense Trash: 800
  • Income Annual Gross: 84240.00
  • Income Annual Rental: 93600
  • Income Gross Scheduled: 93600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Maintenance - Repair, Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 10

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $17,177 $1,289,350 $644,675 $644,675
2023 $17,177 $1,239,286 $619,643 $619,643
2022 $16,026 $1,214,988 $607,494 $607,494
2021 $15,837 $1,191,166 $595,583 $595,583
2020 $15,602 $1,178,954 $589,477 $589,477
2019 $15,429 $1,155,838 $577,919 $577,919
2018 $14,513 $1,133,176 $566,588 $566,588
2017 $14,019 $1,110,958 $555,479 $555,479
2016 $13,683 $1,089,176 $544,588 $544,588
2015 $13,161 $1,072,816 $536,408 $536,408
2014 $12,876 $1,051,802 $525,901 $525,901
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $1,998,000 -9.1% $735 / Sq Ft
07/31/2025 07/31/25 Price Changed $2,198,000 +10.0% $808 / Sq Ft
07/31/2025 07/31/25 For Sale $1,998,000 -13.1% $735 / Sq Ft
05/31/2025 05/31/25 For Sale $2,298,000 -- $845 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $925,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $845,000 Negative Amortization
Closed $740,000 Purchase Money Mortgage
Previous Owner $70,000 Credit Line Revolving
Previous Owner $345,000 Unknown
Previous Owner $145,000 Credit Line Revolving
Closed $92,500 No Value Available
Source: Public Records

Source: MLSListings

MLS Number: ML82016546

MLSListings

APN: 055-183-080