1503 Sierra Street

Redwood City, CA 94061

$2,450,000
Price
Beds
3,890 Sq. Ft.
$630 / Sq. Ft.
3,890
Sq. Ft.
$630
per Sq. Ft.

Description

Income opportunity! Ideal for both investors and owner-occupiers, this charming, updated duplex lives like two single-family homes, situated in the peaceful Woodside Plaza neighborhood of Redwood City. Step into the harmonious blend of comfort and style with recently remodeled kitchens in both units, featuring contemporary granite countertops and new tile floors. Refinement continues throughout with the addition of high-quality rugs and wood floors. Essential updates such as a new water heater, AC,...Income opportunity! Ideal for both investors and owner-occupiers, this charming, updated duplex lives like two single-family homes, situated in the peaceful Woodside Plaza neighborhood of Redwood City. Step into the harmonious blend of comfort and style with recently remodeled kitchens in both units, featuring contemporary granite countertops and new tile floors. Refinement continues throughout with the addition of high-quality rugs and wood floors. Essential updates such as a new water heater, AC, and furnace ensure a turnkey experience. The homes' functionality is enhanced by all new appliances. The thoughtful upgrades are complemented by recessed lighting and new ceiling fans in every room, creating an inviting atmosphere in each unit. Unit B is a spacious 3BR/2.5BA standalone-like unit boasts 1,765 +/- sqft of airy living space. Enjoy a gas stovetop kitchen, family room and fireplace. All bedrooms are privately housed upstairs, along with a 2-car garage. Unit A, approximately 1,355 +/- sqft, features a cozy 2BR/1.5BA layout with private upper bedrooms, a serene garden view, and its own garage. Enjoy proximity to key amenities and the benefits of living in a desirable area. Don't miss out on this multi-family residence at 1503 Sierra Street.

Listing Agent

  1. Julie Rossi Rideau

    Julie Rossi Rideau

    Listing Agent

    Compass

    DRE #01996940

Property Details for 1503 Sierra Street

MLS City Name
REDWOOD CITY
Building Type
DUPLEX
Garage Spaces
2
Parking Spaces
4
Cross Street
Palm Avenue

Location

Listing Courtesy of Compass, Julie Rossi Rideau, DRE #01996940
Add your commute
LISTING UPDATED: 05/14/2024 11:07 AM

Property Details for 1503 Sierra Street

StatusActive
MLS #ML81963863
Days on Compass15
Taxes$7,819 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1976
Lot Size0.14 AC / 5,980 SF
CountySan Mateo County

Location

Listing Courtesy of Compass, Julie Rossi Rideau, DRE #01996940
Add your commute

Virtual Tour

Building Information for 1503 Sierra Street

Stories2Residences2Year Built1976Building Size-Lot Size0.14 AC / 5,980 SF

Payment Calculator

$14,022 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,371

Property Taxes

$652

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1503 Sierra Street

Features
External Links
Room Information
  • Kitchen: Cooktop - Gas, Countertop - Stone, Dishwasher, Microwave, Oven - Electric, Oven - Gas
Features
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Laundry: Washer / Dryer
  • Living SqFt: 3890
  • Pool: No
  • Security Features: Fire Alarm
  • Special Features: Parking
Utilities
  • Cooling: Central AC
  • Heating: Central Forced Air
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central Park Etc.
  • Roof: Shingle
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 1503
  • Street Name: Sierra
  • Street Suffix: Street
  • Area ID: 333
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 3890
  • Structure SqFt Source: Assessor
  • Age: 48
Development Information
  • Zoning Detail: R20000
Location Information
  • Parcel Number: 059-044-180
  • 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: Crawl Space
  • Horse Property: No
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $7,819
  • Building Unit Total: 2
  • Capitalization Rate: 3.63
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Owners Unit Rental
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,500
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $11,319
  • Operating Expenses Include: Maintenance
  • Gross Rent Multiplier: 24.46
  • Income Annual Gross: $100,152
  • Income Annual Rental: $100,152
  • Income Gross Scheduled: $100,152
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,794
Unit 2 Information
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $4,552

Property History for 1503 Sierra 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 1503 Sierra Street

Taxable ValueLand$405,638Additions$503,671Total$909,309
Tax Record2023$10,206 ($851 / month)
Home Facts
Baths4Total Finished SqFt3,890 SqFtAbove Grade Finished SqFt3,890 SqFtStories1Lot Size5,980 SqFtStyleDuplexYear Built1976ZoningR20000CountySAN MATEOAPN059-044-180Fireplace TypeHas Fireplace

Schools near 1503 Sierra Street

This home is within Redwood City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 5 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
Public5 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.

Similar Homes

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Similar Sold Homes

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1503 Sierra Street is a multi-family home for sale in Redwood City, CA 94061. This property was listed for sale on May 1, 2024 by Compass, it's currently listed at $2,450,000. 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. 1503 Sierra Street is a 0-bed, 0-bath, 3,890 sqft multi-family home built in 1976.

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 Compass, Julie Rossi Rideau, DRE #01996940

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.