441 Vera Ave Redwood City, CA 94061
Roosevelt Neighborhood
8
Beds
4
Baths
2,974
Sq Ft
0.25
Acres
About This Home
As of August 2025Rare Four-Unit Investment Opportunity in Central Redwood City Discover the ultimate "live smart" scenario with this exceptional four-unit property at 441 Vera Ave. This investment offers immediate cash flow of $7,500 per month from two fully-leased units, while two units are completely vacant providing opportunity for owner occupancy. The Numbers Work: With current rental income of $7,500 monthly and estimated mortgage payment of $11,555, an owner-occupant can live in a vacant unit while existing rental income significantly offsets the mortgage. Development Upside: Quarter-acre lot with R4 zoning offers potential for expansion up to seven units total. Prime Location: Central Park neighborhood provides easy Caltrain access and proximity to major Silicon Valley tech employers. Property Description - Four-unit property generating $7,500 monthly. Live in vacant unit while rental income covers mortgage. 2 units vacant. R4 zoning allows 7 units. Prime location.
Last Agent to Sell the Property
eXp Realty of California Inc License #02034560 Listed on: 06/21/2025
Last Buyer's Agent
RECIP
Out of Area Office License #00000000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,865
Year Built
- 1923
Home Design
- Quadruplex
Interior Spaces
- 2,974 Sq Ft Home
- 1-Story Property
Parking
- 10 Parking Spaces
- 10 Carport Spaces
- Off-Site Parking
Additional Features
- 0.25 Acre Lot
- Wall Furnace
Community Details
- 2,974 Sq Ft Building
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2025
Closed on
Jul 23, 2025
Sold by
Prescott Development Llc
Bought by
Park Qian and Park Joshua Gin
Seller's Agent
Mariaelena Diaz
eXp Realty of California Inc
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,998,000
Sold Price
$1,950,000
Premium/Discount to List
-$48,000
-2.4%
Views
60
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Outstanding Balance
$1,168,719
Interest Rate
5.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 15, 2024
Closed on
Apr 1, 2024
Sold by
Ferlito Family Trust and Hardwick Nancy A
Bought by
Prescott Development Llc
Seller's Agent
David Young
Coldwell Banker Realty
Buyer's Agent
David Young
Coldwell Banker Realty
List Price
$1,750,000
Sold Price
$1,750,000
Views
115
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Purchase Details
Closed on
Nov 13, 2023
Sold by
Ferlito Anthony N and Ferlito Matilda
Bought by
Ferlito Family Trust and Hardwick
Purchase Details
Closed on
Sep 8, 2006
Sold by
Ferlito Matilda N
Bought by
Ferlito Matilda N
Similar Homes in Redwood City, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,950,000 | Lawyers Title Company | |
| Grant Deed | $1,750,000 | Lawyers Title Company | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,170,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Sold | $1,950,000 | -2.4% | $656 / Sq Ft |
| 07/04/2025 07/04/25 | Pending | -- | -- | -- |
| 06/21/2025 06/21/25 | For Sale | $1,998,000 | +14.2% | $672 / Sq Ft |
| 04/10/2024 04/10/24 | Sold | $1,750,000 | 0.0% | $588 / Sq Ft |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- |
| 03/15/2024 03/15/24 | For Sale | $1,750,000 | -- | $588 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $1,865 | $1,785,000 | $1,407,600 | $377,400 |
| 2023 | $1,865 | $152,730 | $57,710 | $95,020 |
| 2022 | $1,758 | $149,736 | $56,579 | $93,157 |
| 2021 | $1,742 | $146,801 | $55,470 | $91,331 |
| 2020 | $1,721 | $145,297 | $54,902 | $90,395 |
| 2019 | $1,715 | $142,449 | $53,826 | $88,623 |
| 2018 | $1,673 | $139,657 | $52,771 | $86,886 |
| 2017 | $1,657 | $136,920 | $51,737 | $85,183 |
| 2016 | $1,606 | $134,236 | $50,723 | $83,513 |
| 2015 | $1,550 | $132,221 | $49,962 | $82,259 |
| 2014 | $1,522 | $129,632 | $48,984 | $80,648 |
Source: Public Records
Agents Affiliated with this Home
-
Mariaelena Diaz
M
Seller's Agent in 2025
Mariaelena Diaz
eXp Realty of California Inc
(510) 376-3634
5 in this area
76 Total Sales
-
R
Buyer's Agent in 2025
RECIP
Out of Area Office
-
David Young
Seller's Agent in 2024
David Young
Coldwell Banker Realty
(650) 315-8989
7 in this area
54 Total Sales
-
Betcy Jacob
Seller Co-Listing Agent in 2024
Betcy Jacob
Coldwell Banker Realty
(650) 315-7060
2 in this area
38 Total Sales
Map
Source: MLSListings
MLS Number: ML82011997
APN: 053-083-220
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