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34429010
34428995

557 HAMPSHIRE AVE, REDWOOD CITY, CA 94063 For Sale

EK
CA 01900078
Magnify Equity
DK
CA CA01971921
Magnify Equity
Magnify equity
Listed by Magnify Equity, Magnify equity
$1,500,000
7 days on market
Updated 7 days ago
Opportunity zone

557 HAMPSHIRE AVE REDWOOD CITY CA 94063

Details
APN 054-246-330
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,300
Units 4
Cap Rate 4.88%
NOI $73,144
Pro-Forma Cap Rate 6.24%
Pro-Forma NOI $93,666
Price per SqFt $455
Class C
Year Built 1962
Stories 2
Lot Size (SqFt) 5,000

One of the Peninsula's Lowest-Priced Assets Generating Nearly $10K/Month in Rental Income

Marketing description

Magnify is pleased to present 557 Hampshire Avenue, an excellent opportunity to acquire one of the lowest-priced fourplexes on the Peninsula, offering exceptional value for investors seeking strong in-place cash flow with upside potential.

Built in 1962, the building consists of approximately 3,300 square feet on a 5,000 square foot lot and features a desirable unit mix of (1) 2BD/1BA and (3) 1BD/1BA residences, offering an attractive investment in one of the Peninsula's strongest rental markets. The property generates nearly $10,000 per month in rental income with the opportunity to further increase cash flow through strategic interior improvements as units turn over. The spacious downstairs 2BD/1BA residence enjoys a large private backyard that enhances tenant appeal, and the building has completed its SB-721 inspection.

Located just minutes from vibrant downtown Redwood City, the property is centrally positioned on the Peninsula with convenient access to Highway 101, El Camino Real, Caltrain, and major employment centers. Atherton, Menlo Park, Palo Alto, and Stanford University are all within approximately 15 minutes, positioning 557 Hampshire Avenue to benefit from robust rental demand, long-term income growth potential, and outstanding connectivity throughout Silicon Valley.

Investment highlights

  • Exceptional Value Opportunity – One of the lowest-priced fourplexes available on the Peninsula, offering immediate cash flow and long-term appreciation potential
  • Strong Existing Income Stream – Generates nearly $10K/month in rental income, providing attractive in-place returns for investors
  • Desirable Unit Mix – (1) 2BD/1BA and (3) 1BD/1BA units
  • Value-Add Upside Potential – Opportunity to increase rents and enhance cash flow through strategic interior renovations as units turn over
  • Prime Silicon Valley Location – Minutes from Downtown Redwood City with convenient access to Highway 101, El Camino Real, Caltrain, Stanford University, Palo Alto, Menlo Park, and major tech employment hubs

Listing Contacts

EK
CA 01900078
Magnify Equity
DK
CA CA01971921
Magnify Equity
Magnify equity
Listed by Magnify Equity, Magnify equity

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,144.00
$6,095.33/mo

Valuation Metrics

0
DSCR
4.88%
Cap Rate
4.88%
ROI

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Additional Information

Name
Eric Katz
License
01900078
Brokerage Phone
408-438-0838
Name
David Katz
License
CA01971921
Brokerage
Magnify Real Estate
Brokerage Phone
(408) 438-0585
Title
Co-Founder and COO
Brokerage Address
14370 Saratoga Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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