Property Overview:
518 Lancaster Way is a multi-family home in Redwood City, CA, built in 1948. It features 4 bedrooms, 4 bathrooms, and 1,950 sq. ft. of living space. The home includes a parking garage, fireplace, central heating system, and cooling system. By appointment only; to be sold as-is.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 4.4% (lower than state average of 11.8%).
- Property crime risk: 7.5% (lower than state average of 10.8%).
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Schools:
Nearby schools include Roosevelt Elementary, McKinley Institute of Technology, and Sequoia High.- Average SAT score: 1003 (507 Math, 496 English)—above state average of 975.
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Job Market:
- 72.1% white-collar jobs, 27.9% blue-collar jobs.
- Unemployment rate: 1.8% (lower than state average of 4.7%).
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Demographics:
- Community population: 24,170 (9% growth since 2000).
- 70% families with children.
- Largest age group: 45-54 years (18.86%); second largest: 35-44 years (13.96%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.5°F (January), 81.4°F (July).
- Average rainfall: 18.1 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $154,136.
- Average annual spending: $87,712.
Property Features:
- Multi-family home with 4 bedrooms and 4 bathrooms.
- 1,950 sq. ft. of living space.
- Parking garage, fireplace, central heating, and cooling system.
- Cedar block construction in a good westside neighborhood.
- Residential | 3,478 Sq Ft | R-1 zoning.
- To be sold as-is; no showings until 9/5; appointment required with listing agent.
Location Benefits:
- Safe, family-oriented community with strong schools and low crime rates.
- Commuter-friendly location in Redwood City.
- Low risk for most natural disasters, but high earthquake risk.
- High median income and above-average school performance.