517 Vera AVE, Redwood City, CA 94061
- $2,890,000
- 6,249
- SqFt
Listing courtesy of Jimmy Castellanos from Marcus & Millichap. 408-483-5040
Selling Office: SJGS05.- Sold Price
- $2,890,000
- List Price
- $2,890,000
- Status
- SOLD
- Closing Date
- Oct 03, 2025
- MLS#
- ML82020310
- Subtype
- com
- Year Built
- 1964
- Living Area
- 6,249
- Lot Size
- 6,980
- Acres
- 0.16
- Neighborhood
- Central Park Etc.
Property Description
Marcus & Millichap is excited to present 517 Vera Ave, a boutique 6-unit multifamily community in Redwood City, one of the Bay Areas most dynamic submarkets. Five of the six apartment homes have been meticulously renovated, blending modern design with functional layouts and luxury-inspired finishes. Current average rents of $2,810 per month provide durable in-place income with a projected 10% rental upside. Two ground-floor units feature private patios or expansive backyards, while four upper-level units enjoy spacious balconies, enhancing tenant appeal. The property is within walking distance of Caltrain, offering unmatched regional access for Peninsula commuters.
Additional Information
- Zoning
- R-4
- Roof
- Composition, Shingle
- Foundation
- Concrete Perimeter
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