3423 Michael Drive

Redwood City, CA 94063

$1,698,000
Price
Beds
3,784 Sq. Ft.
$449 / Sq. Ft.
3,784
Sq. Ft.
$449
per Sq. Ft.

Description

Built in 1965, this triplex boasts bright living spaces on a substantial lot. The property has been a great investment for one family. And now offers incredible upside potential for a new owner. Featuring three 2-bedroom, 1-bathroom units, each with spacious floor plan, large living room, eat-in kitchens, private outdoor space and garage parking with laundry in the garage. Located close to the border of Redwood City and Menlo Park this property offers easy access to groceries, shopping, dining, and...Built in 1965, this triplex boasts bright living spaces on a substantial lot. The property has been a great investment for one family. And now offers incredible upside potential for a new owner. Featuring three 2-bedroom, 1-bathroom units, each with spacious floor plan, large living room, eat-in kitchens, private outdoor space and garage parking with laundry in the garage. Located close to the border of Redwood City and Menlo Park this property offers easy access to groceries, shopping, dining, and close proximity to major commuter routes to Meta, Google, Stanford, and more.
  1. Listed by Kelly Kang • DRE #01796854 • Brokerage DRE #02027353 • Golden Gate Sotheby's International Realty • 650-937-9375

Property Details for 3423 Michael Drive

MLS City Name
REDWOOD CITY
Building Type
TRIPLEX
Garage Spaces
3
Parking Spaces
3
LISTING UPDATED: 11/22/2024 02:25 PM

Property Details for 3423 Michael Drive

StatusPending ( Do Not Show )
MLS #ML81984858
Days on Compass28
Taxes$5,175 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1965
Lot Size0.25 AC / 10,854 SF
CountySan Mateo County

Building Information for 3423 Michael Drive

Stories1Residences3Year Built1965Building Size-Lot Size0.25 AC / 10,854 SF

Property Information for 3423 Michael Drive

Features
External Links
  • Virtual Tour URL: kellykanghomes.com/michaeldrive
Features
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl / Linoleum
  • Living SqFt: 3784
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Detached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Dumbarton Etc.
  • Roof: Composition, Shingle
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 3423
  • Street Name: Michael
  • Street Suffix: Drive
  • Area ID: 330
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 3784
  • Structure SqFt Source: Assessor
  • Age: 59
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R20000
Location Information
  • Parcel Number: 055-071-300
  • 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, Crawl Space
  • Horse Property: No
  • Lot Acres: .25
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $5,175
  • Building Unit Total: 3
  • Capitalization Rate: 3.78
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $1,200
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $4,000
  • Expenses Total: $10,375
  • Operating Expenses Include: Fee - Property Tax, Services - Gardener, Utilities - Water
  • Gross Rent Multiplier: 22.11
  • Income Annual Gross: $74,496
  • Income Annual Rental: $76,800
  • Income Gross Scheduled: $76,800
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,900
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2

Property History for 3423 Michael Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3423 Michael Drive

Taxable ValueLand$25,249Additions$133,615Total$158,864
Tax Record2024$5,175 ($431 / month)
Home Facts
Baths3Total Finished SqFt3,784 SqFtAbove Grade Finished SqFt3,784 SqFtStories1Lot Size10,516 SqFtStyleTriplexYear Built1965ZoningR20000CountySAN MATEOAPN055-071-300

Schools near 3423 Michael Drive

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 8
Rating
School
Distance
Taft Elementary School
PublicK to 5

John F. Kennedy Middle School
Public6 to 8

Sequoia High School
Public9 to 12

KIPP Excelencia Community Preparatory
CharterK to 8

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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Listing Courtesy of Golden Gate Sotheby's International Realty, Kelly Kang, DRE #01796854

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.