541 Madison Avenue

Redwood City, CA 94061

$1,605,000
Last Sold Price
Beds
2,500 Sq. Ft.
$642 / Sq. Ft.
2,500
Sq. Ft.
$642
per Sq. Ft.

Description

Wonderful multi-unit property in the heart of Redwood City. 541 Madison Avenue is a well maintained property with three unique floor plans. The property boasts a 3 bedroom 2 bath downstairs unit with private yard, a 2 bedroom 1 bath upstairs unit, and a 1bedroom 1 bath upstairs unit. All units come with a private 1 car garage. On site laundry room for tenant convenience. Property is located close to schools, shopping and bus lines. Recent updates include new roof in 2021 over main building, new exterior...Wonderful multi-unit property in the heart of Redwood City. 541 Madison Avenue is a well maintained property with three unique floor plans. The property boasts a 3 bedroom 2 bath downstairs unit with private yard, a 2 bedroom 1 bath upstairs unit, and a 1bedroom 1 bath upstairs unit. All units come with a private 1 car garage. On site laundry room for tenant convenience. Property is located close to schools, shopping and bus lines. Recent updates include new roof in 2021 over main building, new exterior paint, fencing and more. New Garage roof just installed November 2023
  1. Listed by Warren Kohn • DRE #01012886 • Brokerage DRE #01354442 • Intero Real Estate Services • 408-893-9339
  2. Listed by Susan Kramer • DRE #01399140 • Brokerage DRE #01354442 • Intero Real Estate Services

Property Details for 541 Madison Avenue

MLS City Name
REDWOOD CITY
Building Type
TRIPLEX
Garage Spaces
3
Parking Spaces
3
Cross Street
Fulton

Location

Listing Courtesy of Intero Real Estate Services, Warren Kohn, DRE #01012886; Intero Real Estate Services, Susan Kramer, DRE #01399140

Sold By Gentry Real Estate, Martina Wong, DRE #01353626

Add your commute
LISTING UPDATED: 01/10/2024 12:15 PM

Property Details for 541 Madison Avenue

StatusSold
MLS #ML81940050
Days on Compass105
Taxes$7,302 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1963
Lot Size0.12 AC / 5,200 SF
CountySan Mateo County

Location

Listing Courtesy of Intero Real Estate Services, Warren Kohn, DRE #01012886; Intero Real Estate Services, Susan Kramer, DRE #01399140

Sold By Gentry Real Estate, Martina Wong, DRE #01353626

Add your commute

Building Information for 541 Madison Avenue

Stories2Residences3Year Built1963Building Size-Lot Size0.12 AC / 5,200 SF

Payment Calculator

$9,368 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,759

Property Taxes

$609

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 541 Madison Avenue

Features
Room Information
  • Kitchen: Appliances - Vary by Unit, Countertop - Formica, Countertop - Other
Features
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 2500
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Other
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Detached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central Park Etc.
  • Roof: Rolled Composition, Other
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 541
  • Street Name: Madison
  • Street Suffix: Avenue
  • Area ID: 333
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2500
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Construction Type: Wood
  • Ownership Type: Individual
  • Zoning Detail: R40000
Location Information
  • City Limits: Yes
  • Parcel Number: 053-052-050
  • 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
  • Horse Property: No
  • Lot Acres: .12
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard, Fenced, Low Maintenance
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $7,302
  • Building Unit Total: 3
  • Capitalization Rate: 3.48
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,645
  • Expense Landscape: $3,000
  • Expense Maintenance: $1,000
  • Expense Management: $5,100
  • Expense Trash: $4,200
  • Expenses Other: $1,000
  • Expenses Utility: $4,200
  • Expenses Total: $29,447
  • Operating Expenses Include: Maintenance, Maintenance - Laundry, Supplies, Utilities - Hot Water
  • Gross Rent Multiplier: 18.91
  • Income Annual Gross: $86,139
  • Income Annual Rental: $85,140
  • Income Gross Scheduled: $86,139
  • Income Other: $999
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,190
Unit 2 Information
  • Unit 2 Approx Square Footage: 702
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,255
Unit 3 Information
  • Unit 3 Approx Square Footage: 500
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,650
Unit Type 1
  • Unit Type1 Approx SqFt: 1246

Property History for 541 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 541 Madison Avenue

Taxable ValueLand$1,122,000Additions$765,000Total$1,887,000
Tax Record2023$21,052 ($1,754 / month)
Home Facts
Baths4Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories2Lot Size5,200 SqFtStyleTriplexYear Built1963ZoningR40000CountySAN MATEOAPN053-052-050

Schools near 541 Madison Avenue

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 - 3 to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 8

John F. Kennedy Middle School
Public5 to 8

Sequoia High School
Public9 to 12

North Star Academy
Public3 to 8

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Intero Real Estate Services, Warren Kohn, DRE #01012886; Intero Real Estate Services, Susan Kramer, DRE #01399140

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.