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.
36 days
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805
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42
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Zillow last checked:
Listing updated:
Listed by:
David Katz01971921408-438-0585,
Magnify Real Estate877-776-7718,
Will Tharp01984173650-918-0742,
Magnify Real Estate
Source: MLSListings Inc,MLS#: ML82054234
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Heating
Gas, Wall Furnace
Cooling
None
Appliances
Laundry: Coin Operated
Features
Doors: None
Interior area
Total structure area: 3,300
Total interior livable area: 3,300 sqft
Property
Parking
Total spaces: 4
Parking features: Covered
Carport spaces: 4
Accessibility
Accessibility features: None
Features
Stories: 2
Lot
Size: 5,000 Square Feet
Details
Parcel number: 054246330
Zoning: R300S3
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex, Residential Income
Materials
Foundation: Pillar/Post/Pier, Wood Frame
Roof: Composition, Shingle
Condition
Year built: 1962
Utilities & green energy
Gas: PublicUtilities
Sewer: Public Sewer
Water: Public
Utilities for property: Public Utilities, Water Public