1502 Ebener Street

Redwood City, CA 94061

$2,580,000
Price
Beds
7,238 Sq. Ft.
$356 / Sq. Ft.
7,238
Sq. Ft.
$356
per Sq. Ft.

Description

1502 Ebener Street in is a well maintained 6-unit apartment building with extra large units with spacious bedrooms located in highly desirable Redwood City, California. Situated on a 8,874 square-foot lot, the building has a gross building area of 7,238 square feet. The unit mix has four (4) 2-bedroom/1-Bathroom units at approximately 954 sqft, and two (2) 1-Bedroom/1-Bathroom units at approximately 768 sqft. Tenants benefit from having their own covered carport (7 total on-site), an on-site coin-operated...1502 Ebener Street in is a well maintained 6-unit apartment building with extra large units with spacious bedrooms located in highly desirable Redwood City, California. Situated on a 8,874 square-foot lot, the building has a gross building area of 7,238 square feet. The unit mix has four (4) 2-bedroom/1-Bathroom units at approximately 954 sqft, and two (2) 1-Bedroom/1-Bathroom units at approximately 768 sqft. Tenants benefit from having their own covered carport (7 total on-site), an on-site coin-operated laundry room, and each has their own individual storage locker. The downstairs units (2) have private patios, and the upstairs units (4) have large private decks. Individually metered for gas/electric, there is central forced air heating in four (4) of the units, with one (1) unit having electric baseboard heating. This is great opportunity to run a profitable investment property as it stands or create value by remodeling interiors to increase rents and/or potentially add ADU units as accomplished by the neighboring owner. Located in the Palm Park Neighborhood, Safeway, Whole Foods, Sequoia Station Shopping Center and Redwood Village Shopping Center are all located within a 5-minute drive of 1502 Ebener Street.

Listing Agents

  1. Nate Gustavson

    Nate Gustavson

    Listing Agent

    Compass

    DRE #01898316

  2. Cameron Foster

    Cameron Foster

    Alternative Listing Agent

    Compass

    DRE #00972394

Property Details for 1502 Ebener Street

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
0
Parking Spaces
0
Cross Street
Poplar Avenue

Location

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316; Compass, Cameron Foster, DRE #00972394
Add your commute
LISTING UPDATED: 04/15/2024 02:53 PM

Property Details for 1502 Ebener Street

StatusContingent
MLS #ML81953441
Days on Compass83
Taxes$28,579 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.20 AC / 8,874 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316; Compass, Cameron Foster, DRE #00972394
Add your commute

Building Information for 1502 Ebener Street

Stories-Residences-Year Built1960Building Size-Lot Size0.20 AC / 8,874 SF

Payment Calculator

$16,462 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,080

Property Taxes

$2,382

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1502 Ebener Street

Features
Room Information
  • Additional Rooms: Laundry Room, Storage
Features
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Laundry: Coin Operated
  • Living SqFt: 7238
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: Ceiling Fan
  • Heating: Central Forced Air, Electric
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 7
Garage
  • Garage and Parking: Assigned Spaces, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Central Park Etc.
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1502
  • Street Name: Ebener
  • Street Suffix: Street
  • Area ID: 333
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 7238
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R-4
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 059-063-320
  • County Name: San Mateo
  • City Name: REDWOOD CITY
  • City Postal ID: 50
  • Postal Code: 94061
  • Elementary School: 637
  • Elementary School District: 935
  • High School District Text: Sequoia Union High
  • High School Text: Sequoia High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $28,579
  • Capitalization Rate: 4.26
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,693
  • Expense Landscape: $1,200
  • Expense Maintenance: $6,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $182
  • Expenses Utility: $18,075
  • Expenses Total: $58,729
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 14.85
  • Income Annual Gross: $168,547
  • Income Annual Rental: $172,200
  • Income Gross Scheduled: $173,760
  • Income Other: $1,560
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,375
Unit 2 Information
  • Unit 2 Approx Square Footage: 768
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,000
Unit Type 1
  • Unit Type1 Approx SqFt: 954

Property History for 1502 Ebener Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1502 Ebener Street

Taxable ValueLand$669,888Additions$873,484Total$1,543,372
Tax Record2023$17,271 ($1,439 / month)
Home Facts
Baths6Total Finished SqFt7,238 SqFtAbove Grade Finished SqFt7,238 SqFtStories2Lot Size8,874 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountySAN MATEOAPN059-063-320

Schools near 1502 Ebener Street

This home is within Redwood City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 5 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Henry Ford Elementary School
PublicK to 5

John F. Kennedy Middle School
Public5 to 8

Woodside High School
Public9 to 12

Rocketship Redwood City
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Nate Gustavson, DRE #01898316; Compass, Cameron Foster, DRE #00972394

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.