Home | San Mateo County | Redwood City | 94061 | 403 Vera Ave
403 Vera Ave, Redwood City, CA 94061
MLS: ML82048912 | Status: | Price: $2,988,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
3,293 |
5,625 |
1949 |
Upcoming Open Houses
| Date |
Time |
Hosted By |
| Sunday, May 31 |
2:00 pm - 4:00 pm |
David Katz |
| Thursday, June 4 |
12:00 pm - 2:00 pm |
David Katz |
Magnify is pleased to present 403 Vera Ave, a turnkey property walking distance from downtown Redwood City with over $197,000 in gross income (4.7% cap rate). The building was constructed in 1949 and remodeled to the studs in 2022-2023 along with a new-construction ADU. The property features open floor plans with (1) Two-bed+Den/Two-bath and (4) One-bed/One-bath units. Positioned on a prime corner lot with great frontage, each unit offers a spacious backyard or balcony with a large rooftop deck. Amenities include in-unit washer/dryer, air conditioning, dishwashers & luxury kitchens/baths to enhance tenant appeal and retention. The property has undergone substantial capital improvements to deliver strong in-place rents with modernized systems. All units include an electrical re-wiring with 100-amp subpanels, copper repipe with ABS drain/sewer lines, new-construction dual pane windows, fire sprinkling with a 24/7 monitored alarm system, & condo-quality finishes. The building has a new 400 amp main panel (2022), exterior stucco (2022), low maintenance landscaping (2023), and a newer roof (2015) for minimal long-term maintenance. It is also in close proximity to Stanford, Atherton, Palo Alto, & Menlo Park making it a premier Peninsula asset with strong income & high growth potential.
| Field |
Value |
| MLS # |
ML82048912 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
1 |
Features
Interior Features
| Feature |
Details |
| Kitchen |
Countertop - Other, Pantry |
| Appliances |
Cooktop - Electric, Dishwasher, Garbage Disposal, Microwave, Washer/Dryer |
| Flooring |
Other, Tile, Vinyl/Linoleum |
| Cooling |
Ceiling Fan, Window/Wall Unit |
| Heating |
Electric |
Exterior Features
| Feature |
Details |
| Roof |
Composition, Shingle |
| Foundation |
Concrete Perimeter, Pillar/Post/Pier, Slab |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Garage: 0 Car(s) |
| Elementary District |
Redwood City Elementary |
| High School District |
Sequoia Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
R4 |
David Katz
Magnify Real Estate
License #: 01971921
Phone: (408) 438-0585
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
5 |
5 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
776 |
2 |
2/0 |
$3,795 |
– |
1 |
| 2 |
631 |
1 |
1/0 |
$2,875 |
$3,195 |
4 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
| Address |
Price |
Beds |
Baths |
Sq Ft |
Status |
| 116 Pine St |
$3,395,000 |
– |
– |
6,300 |
|
| 1618-1620 Union Ave |
$2,395,000 |
– |
– |
3,100 |
PendingDoNotShow |
| 1151 Davis St |
$3,100,000 |
– |
– |
5,510 |
|
| 736 Madison Ave |
$2,998,000 |
– |
– |
8,404 |
|
Disclosures
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This listing information is up-to-date as of May 29, 2026. For the most current information, please contact David Katz, (408) 438-0585.