Rare 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.
Sold for $1,950,000
$1,950,000
441 Vera Ave, Redwood City, CA 94061
8beds
4baths
2,974sqft
Quadruplex, Residential Income
Built in 1923
-- sqft lot
$-- Zestimate®
$656/sqft
$7,204 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,204/mo
Zestimate® history
Owner options
List your home for rent
$7,204/mo
Rent Zestimate®
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$7,204/mo
Rent Zestimate®
Refinance and save
$12,339/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$12,339/mo
Est. payment
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List your homeWhat's special
Quarter-acre lot
Zillow last checked:
Listing updated:
Listed by:
Mariaelena Diaz 02034560 510-376-3634,
eXp Realty of California Inc 888-584-9427
Bought with:
RECIP, 00000000
Out of Area Office
Source: MLSListings Inc,MLS#: ML82011997
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Features
- Doors: None
Interior area
- Total structure area: 2,974
- Total interior livable area: 2,974 sqft
Property
Parking
- Total spaces: 10
- Parking features: Off Site
- Carport spaces: 10
Accessibility
- Accessibility features: None
Features
- Stories: 1
Lot
- Size: 0.25 Acres
Details
- Parcel number: 053083220
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: None
- Roof: Other
Condition
- Year built: 1923
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Redwood City
Financial & listing details
- Price per square foot: $656/sqft
- Tax assessed value: $1,785,000
- Annual tax amount: $19,676
- Date on market: 6/21/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: Other
- Lease term: Other
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2025 | Sold | $1,950,000-2.4%$656/sqft |
Source:  MLSListings Inc #ML82011997 Report a problem | ||
| 7/6/2025 | Contingent | $1,998,000$672/sqft |
Source: MLSListings Inc #ML82011997 Report a problem | ||
| 6/21/2025 | Listed for sale | $1,998,000+14.2%$672/sqft |
Source: MLSListings Inc #ML82011997 Report a problem | ||
| 4/10/2024 | Sold | $1,750,000$588/sqft |
Source: Public Record Report a problem | ||
| 3/22/2024 | Pending sale | $1,750,000$588/sqft |
Source: MLSListings Inc #ML81957749 Report a problem | ||
| 3/15/2024 | Listed for sale | $1,750,000$588/sqft |
Source: MLSListings Inc #ML81957749 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,676 +954.9% | $1,785,000 +1045.8% |
| 2024 | $1,865 +1.4% | $155,784 +2% |
| 2023 | $1,839 +4.6% | $152,730 +2% |
| 2022 | $1,758 +0.9% | $149,736 +2% |
| 2021 | $1,742 +1.3% | $146,801 +1% |
| 2020 | $1,721 +0.3% | $145,297 +2% |
| 2019 | $1,715 +2.5% | $142,449 +2% |
| 2018 | $1,673 +1% | $139,657 +2% |
| 2017 | $1,657 +3.2% | $136,920 +2% |
| 2016 | $1,606 +5.5% | $134,236 +1.5% |
| 2015 | $1,522 | $132,221 +2% |
| 2014 | $1,522 | $129,632 +0.5% |
| 2013 | -- | $129,047 +2% |
| 2012 | -- | $126,517 |
| 2011 | -- | $126,517 +2.8% |
| 2010 | -- | $123,111 -0.2% |
| 2009 | -- | $123,404 +2% |
| 2008 | -- | $120,985 +2% |
| 2007 | -- | $118,614 +2% |
| 2006 | -- | $116,290 |
| 2005 | -- | $116,290 +4% |
| 2004 | -- | $111,777 +1.9% |
| 2003 | -- | $109,729 +2% |
| 2002 | -- | $107,578 +2% |
| 2001 | -- | $105,469 +2% |
| 2000 | -- | $103,402 |
Find assessor info on the county website
Neighborhood: Central
Nearby homes
- $--2 bd1 ba900 sqft441 Vera Ave #1, Redwood City, CA 94061Off Market
- $--2 bd1 ba780 sqft441 Vera Ave #3A, Redwood City, CA 94061Off Market
- $--2 bd1 ba780 sqft441 Vera Ave #3, Redwood City, CA 94061Off Market
- $1,135,0003 bd1 ba1.2k sqft449 Vera Ave, Redwood City, CA 94061Sold
- $1,898,2005 bd3 ba2.6k sqft437 Vera Ave, Redwood City, CA 94061Off Market
- $1,056,8002 bd1 ba780 sqft451 Vera Ave, Redwood City, CA 94061Off Market
- $1,707,8005 bd4 ba2.5k sqft921 Cleveland St, Redwood City, CA 94061Off Market
- $1,922,0003 bd2 ba1.9k sqft473 Vera Ave, Redwood City, CA 94061Off Market
Nearby schools
GreatSchools rating
- 4/10Roosevelt Elementary SchoolGrades: K-5Distance: 1.1 mi
- 6/10McKinley Institute Of TechnologyGrades: 6-8Distance: 0.4 mi
- 7/10Sequoia High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: RedwoodCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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