1410 Hess Road

Redwood City, CA 94061

$3,880,000
Price
Beds
5,416 Sq. Ft.
$716 / Sq. Ft.
5,416
Sq. Ft.
$716
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 1410 Hess Road, an 8-unit trophy asset located in Redwood City. With a newly constructed ADU, and fully renovated interiors, this investment offers a rare opportunity to acquire a turnkey asset in one of the most desirable cities on the Peninsula. Built in 1958, this building spans 5,189 square feet on a spacious 8,625 square foot lot. The unit mix includes (1) two-bedroom/two-bathroom, (1) two-bedroom/one-bathroom, and (6) one-bedroom/one-bathroom...We are pleased to present the opportunity to acquire 1410 Hess Road, an 8-unit trophy asset located in Redwood City. With a newly constructed ADU, and fully renovated interiors, this investment offers a rare opportunity to acquire a turnkey asset in one of the most desirable cities on the Peninsula. Built in 1958, this building spans 5,189 square feet on a spacious 8,625 square foot lot. The unit mix includes (1) two-bedroom/two-bathroom, (1) two-bedroom/one-bathroom, and (6) one-bedroom/one-bathroom units with significant interior remodels. The electric system has been fully upgraded with a new 400 amp main panel and disconnects. The property features dual-pane windows, sleek stainless-steel appliances, a coin-operated laundry room, in-unit laundry machines in the ADU, two private backyards and ample parking with ten total spaces. Located just 1.3 miles from downtown Redwood City and the Caltrain Station and close proximity to highways 101, 280 and El Camino Real, this property offers easy access to every major city in the Bay Area. 1410 Hess Road is a prime investment opportunity with a blend of classic charm and modern upgrades in a highly-sought after Peninsula neighborhood.
  1. Listed by Will Tharp • DRE #01984173 • Brokerage DRE #02214785 • Magnify Real Estate • 650-918-0742
  2. Listed by David Katz • DRE #01971921 • Brokerage DRE #02214785 • Magnify Real Estate

Property Details for 1410 Hess Road

MLS City Name
REDWOOD CITY
Building Type
Other
Garage Spaces
2
Parking Spaces
7
LISTING UPDATED: 11/26/2024 09:35 AM

Property Details for 1410 Hess Road

StatusActive
MLS #ML81987411
Days on Compass2
Taxes$43,173 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.20 AC / 8,625 SF
CountySan Mateo County

Building Information for 1410 Hess Road

Stories-Residences-Year Built1958Building Size-Lot Size0.20 AC / 8,625 SF

Property Information for 1410 Hess Road

Features
Room Information
  • Kitchen: Countertop - Granite, Dishwasher, Microwave, Oven - Gas, Oven Range - Electric, Refrigerator
Features
  • Fireplace: No
  • Flooring: Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer/Dryer - Some Units
  • Living SqFt: 5416
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 1
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Central Park Etc.
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1410
  • Street Name: Hess
  • Street Suffix: Road
  • Area ID: 333
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5416
  • Structure SqFt Source: Assessor
  • Age: 66
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: N/A
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 053-273-070
  • 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: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $43,173
  • Capitalization Rate: 4.09
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $9,261
  • Expense Landscape: $2,850
  • Expense Maintenance: $6,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $19,467
  • Expenses Total: $80,751
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities
  • Gross Rent Multiplier: 15.71
  • Income Annual Gross: $239,502
  • Income Annual Rental: $234,120
  • Income Gross Scheduled: $246,909
  • Income Other: $12,789
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 775
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,650
Unit 3 Information
  • Unit 3 Approx Square Footage: 580
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,175
Unit Type 1
  • Unit Type1 Approx SqFt: 934

Property History for 1410 Hess Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1410 Hess Road

Taxable ValueLand$2,288,880Additions$1,196,460Total$3,485,340
Tax Record2024$38,628 ($3,219 / month)
Home Facts
Baths7Total Finished SqFt5,416 SqFtAbove Grade Finished SqFt5,416 SqFtStories2Lot Size8,217 SqFtStyleMulti-Family Res (5+ Units)Year Built1958CountySAN MATEOAPN053-273-070

Schools near 1410 Hess Road

This home is within Redwood City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Henry Ford Elementary School
PublicK to 5

John F. Kennedy Middle School
Public6 to 8

Woodside High School
Public9 to 12

Rocketship Redwood City
CharterK 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.

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1410 Hess Road is for sale in Redwood City, CA 94061. This property was listed for sale on November 25, 2024 by Magnify Real Estate, it's currently listed at $3,880,000. It has been on the market for a total of 2 days and was last sold on January 12, 2022. This listing's school districts are Redwood City Elementary School District, Sequoia Union High School District. Nearby schools include Henry Ford Elementary School, John F. Kennedy Middle School and Woodside High School. 1410 Hess Road is a 0-bed, 0-bath, 5,416 sqft built in 1958.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magnify Real Estate, Will Tharp, DRE #01984173; Magnify Real Estate, David Katz, DRE #01971921

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.