NOT LISTED FOR SALE

540 Laurel St Redwood City, CA 94063

Redwood Village Neighborhood
5 Beds
3 Baths
2,690 Sq Ft
4,848 Sq Ft Lot

Last Sold September 15, 2021

Last sale price $1,600,000 $595 Per Sq Ft

5 Days on Market

Highlights

  • Stone Countertops
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Sequoia High School Rated A
  • Tile Flooring
  • 4-minute walk to Hoover Park

About This Home

As of September 2021

Excellent turnkey duplex opportunity! Endless options, ideal property as investment for excellent income, or for an owner to live in one home and benefit from additional income of the other home, or use as a home office! The property consists of one 4-bed/2-bath home and & 1-bed/1-bath home, both completely detached & not sharing walls, both spacious with large bedrooms & living spaces. The homes are extensively renovated, remodeled kitchens with custom cabinetry, stone countertops, stainless steel appliances, remodeled bathrooms with custom tile, vanities, plumbing fixtures. Updated dual-pane windows, heating systems & newer roof! Each home benefits from their own private laundry, separate fenced in backyards & separate garages, separate water & PG&E meters. Convenient Redwood City Location, 81 WalkScore, walk to Hoover Park, Sigona's Farmers Market, Costco & more. Easy access to downtown Redwood City & Redwood City Caltrain, 101 & more - a must see!

Last Agent to Sell the Property

Bijan Amini

Quest Real Estate License #01717506 Listed on: 07/30/2021

Co-Listed By

Pedram Amini

Quest Real Estate License #01960072

Last Buyer's Agent

Christina Woo

Canopy Realty License #01943010

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 4,848 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,690 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Dishwasher
  • Stone Countertops

Flooring

  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,000

Community Details

Overview

  • 2,690 Sq Ft Building

Building Details

  • Insurance Expense $1,400
  • Operating Expense $10,939
  • Gross Income $82,320

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Parking

2

Listing Details

  • Zoning: 0
  • Subclass: Duplex
  • Age: 74
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2690
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Countertop - Stone, Dishwasher, Exhaust Fan, Oven Range - Electric, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2690
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Tile, Vinyl / Linoleum

Exterior Features

  • Roof: Shingle
  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Central Forced Air, Electric, Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1113
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4850.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4850.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 17.83

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1400
  • Expenses Total: 10939
  • Income Annual Gross: 82320.00
  • Income Annual Rental: 84000
  • Income Gross Scheduled: 84000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Maintenance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $1,600,000 +6.8% $595 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $1,498,000 0.0% $557 / Sq Ft
07/15/2020 07/15/20 Rented $2,499 -7.4% --
07/08/2020 07/08/20 Under Contract -- -- --
06/17/2020 06/17/20 Price Changed $2,699 -10.0% $4 / Sq Ft
05/27/2020 05/27/20 For Rent $2,999 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bijan Amini

    Seller's Agent in 2021

    Bijan Amini

    Quest Real Estate

    (650) 888-2888

    1 in this area

    7 Total Sales

    Bijan Amini
    Section Image
  • Pedram Amini

    Seller Co-Listing Agent in 2021

    Pedram Amini

    Quest Real Estate

    (650) 888-2888

    1 in this area

    8 Total Sales

    Pedram Amini
    Section Image
  • Christina Woo

    Buyer's Agent in 2021

    Christina Woo

    Canopy Realty

    (415) 994-4979

    1 in this area

    40 Total Sales

    Christina Woo
    Section Image

  • D

    Seller's Agent in 2020

    Dion Amini

    Quest Real Estate

    (650) 343-4824

    2 Total Sales

    Dion Amini
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81856136

MLSListings
California San Mateo County Redwood City 94063 Redwood Village

540 Laurel St, Redwood City, CA

This home is located at 540 Laurel St, Redwood City, CA 94063 since 30 July 2021. This property was built in 1947. 540 Laurel St is a home located in San Mateo County with nearby schools including Hoover Elementary School, John F. Kennedy Middle School, and Sequoia High School.

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