3524 Farm Hill Boulevard

Redwood City, CA 94061

$15,000,000
Last Sold Price
Beds
35,160 Sq. Ft.
$427 / Sq. Ft.
35,160
Sq. Ft.
$427
per Sq. Ft.

Description

Farm Hill Manor is a stunning 24-unit apartment community located on 3510, 3516 and 3524 Farm Hill Boulevard in thriving Redwood City, California. Situated on a 36,154 square foot parcel of land, the subject property was constructed in 1963 and has a gross building area of approximately 35,160 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom and three-bedroom floor plans. Farm Hill Manor has recently undergone capital improvements including new dual pane windows throughout...Farm Hill Manor is a stunning 24-unit apartment community located on 3510, 3516 and 3524 Farm Hill Boulevard in thriving Redwood City, California. Situated on a 36,154 square foot parcel of land, the subject property was constructed in 1963 and has a gross building area of approximately 35,160 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom and three-bedroom floor plans. Farm Hill Manor has recently undergone capital improvements including new dual pane windows throughout the property, updated 40 year shingle roof installed 9 years ago, new powder coated aluminum railing, new deck and balconies, new driveway asphalt and a new pool motor. Select units were also updated with new pergo floors or carpet. The subject property offers private backyards and balconies for all three-bedroom units and private patios for all two-bedroom units.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 3524 Farm Hill Boulevard

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
0
Parking Spaces
2

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Sold By Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

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LISTING UPDATED: 09/24/2021 01:53 PM

Property Details for 3524 Farm Hill Boulevard

StatusSold
MLS #ML81860247
Days on Compass1
Taxes$171,487 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.83 AC / 36,154 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

Sold By Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

Add your commute

Virtual Tour

Building Information for 3524 Farm Hill Boulevard

Stories-Residences-Year Built1963Building Size-Lot Size0.83 AC / 36,154 SF

Payment Calculator

$96,152 per month

30 year fixed, 7.25% Interest

Principal and Interest

$81,861

Property Taxes

$14,291

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3524 Farm Hill Boulevard

Features
Features
  • Fireplace: No
  • Living SqFt: 35160
  • Pool: Yes
  • Pool Type: Pool - In Ground
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 32
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: 24
  • Area Text: Farm Hills Estates Etc.
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 3524
  • Street Name: Farm Hill
  • Street Suffix: Boulevard
  • Area ID: 335
Lot / Property Details
Building Information
  • Number of Buildings: 5
  • Structure SqFt: 35160
  • Structure SqFt Source: Assessor
  • Age: 58
Development Information
  • Zoning Detail: R-3
Location Information
  • Parcel Number: 057-294-060
  • County Name: San Mateo
  • City Name: REDWOOD CITY
  • City Postal ID: 50
  • Postal Code: 94061
  • Elementary School District: 935
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .83
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 24
General Information
  • Annual Tax Amount: $171,487
  • Capitalization Rate: 3.05
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $12,140
  • Expense Landscape: $3,600
  • Expense Maintenance: $12,000
  • Expense Management: $27,375
  • Expense Trash: $50,335
  • Expenses Other: $8,700
  • Expenses Utility: $15,031
  • Expenses Total: $300,668
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Pool/Spa, Maintenance - Repair, Services - Gardener, Services - On-Site Manager, Services - Sewer, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 19.60
  • Income Annual Gross: $781,975
  • Income Annual Rental: $800,400
  • Income Gross Scheduled: $806,160
  • Income Other: $5,760
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 1
  • Unit 3 Number of Bedrooms: 3

Property History for 3524 Farm Hill Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3524 Farm Hill Boulevard

Taxable ValueLand$8,160,000Additions$7,140,000Total$15,300,000
Tax Record2023$169,770 ($14,148 / month)
Home Facts
Baths3Total Finished SqFt35,160 SqFtAbove Grade Finished SqFt35,160 SqFtStories3Lot Size36,154 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountySAN MATEOAPN057-294-060

Schools near 3524 Farm Hill Boulevard

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

John F. Kennedy Middle School
Public5 to 8

Woodside High School
Public9 to 12

Orion Alternative School
PublicK 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 Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Adam S. Levin, DRE #01462752

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.