720 Elm Street

Redwood City, CA 94063

$2,200,000
Price
Beds
3,102 Sq. Ft.
$709 / Sq. Ft.
3,102
Sq. Ft.
$709
per Sq. Ft.

Description

Excellent investment opportunity, great Location with great tenants, located in a quiet street, walk to Redwood City Down Town, 3 units remodeled including new kitchen, Bath, double pane window, Individual meter, each unit has a private yard, private secured separate storage room. Annual gross income over $100,000. Redwood City has been destination for Silicon Valley Employers and Residents Google, Oracle, Stanford, etc.Excellent investment opportunity, great Location with great tenants, located in a quiet street, walk to Redwood City Down Town, 3 units remodeled including new kitchen, Bath, double pane window, Individual meter, each unit has a private yard, private secured separate storage room. Annual gross income over $100,000. Redwood City has been destination for Silicon Valley Employers and Residents Google, Oracle, Stanford, etc.
  1. Listed by Moxa Chiu • DRE #01397293 • Brokerage DRE #01522411 • Real Estate eBroker Inc • 650-479-6183

Property Details for 720 Elm Street

MLS City Name
Redwood City
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
0
Cross Street
Spring St

Location

Listing Courtesy of Real Estate eBroker Inc, Moxa Chiu, DRE #01397293
Add your commute
LISTING UPDATED: 03/06/2024 03:05 PM

Property Details for 720 Elm Street

StatusActive
MLS #ML81956584
Days on Compass54
Taxes$12,507 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1938
Lot Size0.11 AC / 5,000 SF
CountySan Mateo County

Location

Listing Courtesy of Real Estate eBroker Inc, Moxa Chiu, DRE #01397293
Add your commute

Building Information for 720 Elm Street

Stories2Residences3Year Built1938Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$13,049 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$1,042

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 720 Elm Street

Features
Room Information
  • Additional Rooms: Storage, Laundry Room
  • Kitchen: Appliances - Vary by Unit
Features
  • Energy Features: Low Flow Shower, Low Flow Toilet, Energy Star Appliances, Energy Star Lighting, Double Pane Windows
  • Fireplace: No
  • Flooring: Tile, Hardwood
  • Laundry: Coin Operated
  • Living SqFt: 3102
  • Pool: No
  • Security Features: Fire Alarm
  • Special Features: Bathroom Features, Kitchen Features, Parking
Utilities
  • Cooling: Central Forced Air - Gas
  • Heating: Central Forced Air - Gas
  • Meters: Separate Electric, Separate Gas, Master Water
  • Sewer Septic: Community Sewer / Septic
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 3
  • Area Text: Lenolt Etc.
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 720
  • Street Name: Elm
  • Street Suffix: Street
  • Area ID: 331
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 3102
  • Structure SqFt Source: Assessor
  • Age: 86
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R1
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 053-242-090
  • County Name: San Mateo
  • City Name: Redwood City
  • City Postal ID: 50
  • Postal Code: 94063
  • Elementary School District: 935
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: Yes
  • Lot Acres: .11
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Sprinklers - Lawn
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $12,507
  • Building Unit Total: 3
  • Capitalization Rate: 4.04
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Heating
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $1,429
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $13,936
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Gross Rent Multiplier: 20.75
  • Income Annual Gross: $102,851
  • Income Annual Rental: $104,832
  • Income Gross Scheduled: $106,032
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,118
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $3,000
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,730

Property History for 720 Elm 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 720 Elm Street

Taxable ValueLand$861,791Additions$1,093,645Total$1,955,436
Tax Record2023$21,811 ($1,818 / month)
Home Facts
Baths3Total Finished SqFt3,102 SqFtAbove Grade Finished SqFt3,102 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1938CountySAN MATEOAPN053-242-090Fireplace TypeHas Fireplace

Schools near 720 Elm Street

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
Charter - 9 to 12
Rating
School
Distance
Hoover Elementary School
PublicK to 8

John F. Kennedy Middle School
Public5 to 8

Sequoia High School
Public9 to 12

Summit Preparatory Charter High School
Charter9 to 12

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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720 Elm Street is a multi-family home for sale in Redwood City, CA 94063. This property was listed for sale on March 6, 2024 by Real Estate eBroker Inc, it's currently listed at $2,200,000. It has been on the market for a total of 54 days and was last sold on February 8, 2018. This listing's school districts are Redwood City Elementary School District, Sequoia Union High School District. Nearby schools include Hoover Elementary School, John F. Kennedy Middle School and Sequoia High School. 720 Elm Street is a 0-bed, 0-bath, 3,102 sqft multi-family home built in 1938.

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 Real Estate eBroker Inc, Moxa Chiu, DRE #01397293

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.