Property Overview:
31 Berkshire Ave is a multi-family duplex in Redwood City, CA, built in 1956. It features 4 bedrooms, 2 bathrooms, and 1,836 sq. ft. of living space on a 5,000 sq. ft. lot. The property includes a parking garage and is currently tenant-occupied, generating steady rental income. Listed for $1,000,000.
Neighborhood Highlights:
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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 include Sandpiper Elementary, Summit Preparatory Charter High, San Mateo County Special Education, and Bowditch Middle.- Average SAT score: 1069 (551 Math, 518 English)—above 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 above state average of 4.7%).
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Demographics:
- Community population: 34,614 (12% growth since 2000).
- 66% families with children.
- Largest age group: 25-34 years (19.06%); second largest: 35-44 years (15.77%).
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Natural Disaster Risk:
- Low 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:
- Investor-friendly duplex: Two 2BR/1BA units totaling 1,836 sq. ft.
- Strong rental appeal; one unit features an updated kitchen.
- Both units tenant-occupied and generating steady income.
- Turnkey opportunity with upside potential for investors, 1031 exchange buyers, or developers.
- Option to purchase with adjacent single-family home at 35 Berkshire Ave for a combined 10,800 sq. ft. of land.
- Convenient location: Near downtown Redwood City, public transit, and major commute corridors.
- Please do not disturb tenants.
Location Benefits:
- Blocks from Atherton and steps from El Camino Real.
- Close to schools, shopping, and transportation.
- Ideal for investors seeking steady income and future development potential.