Property Overview:
1024 5th Ave is a single-family home in Redwood City, CA, built in 1941. The home features 3 bedrooms, 1 bathroom (with a bonus room and additional bath per seller/floor plans), and 1,650 sq. ft. of living space. The property includes a huge detached garage (fits up to 6 cars, with lift, wraparound loft, and plumbing for a bath), and is zoned R2 (potential for ADUs). The estimated home value is around $1,441,000.
Neighborhood Highlights:
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Population:
- Community of 34,614 residents (12% growth since 2000)
- 66% families with children
- Largest age group: 25-34 years (19.06%), followed by 35-44 years (15.77%)
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Crime Rate:
- Personal crime risk: 7.2% (lower than state average of 11.8%)
- Property crime risk: 5.9% (lower than state average of 10.8%)
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Schools:
- Nearby schools: Taft Elementary, Summit Preparatory Charter High, North Star Academy
- Menlo-Atherton High School access
- Average SAT score: 1069 (higher than state average of 975)
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Job Market:
- 61.9% blue-collar jobs, 38.1% white-collar jobs
- Unemployment rate: 4.9% (slightly higher than state average of 4.7%)
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 51.9°F (January), 84.3°F (July)
- Average rainfall: 19.9 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $48,639
- Average annual spending: $42,138
Property Features:
- Vintage Mediterranean home with R2 zoning (potential to renovate, build new, or add ADUs)
- 3 bedrooms, 1 bath (plus bonus room and bonus bath per seller/floor plans)
- Bonus room with outside entrance (can be used as bedroom/office)
- Huge detached garage (fits up to 6 cars, with lift, wraparound loft, and plumbing for bath)
- 2 meters on property (potential for multi-unit use)
- Expansive lot with potential for one or two ADUs
- Close to Stanford University Redwood City campus (35 acres), downtown Redwood City, and Menlo Park
- Amazing history attached to the property
Location Benefits:
- Convenient access to Meta, Stanford, and downtown Redwood City
- Easy access to freeway 101, shopping, dining, and local parks
- Short blocks from Stanford University campus
- Minutes to downtown Menlo Park
- Family-friendly community with strong school options and lower-than-average crime rates