Property Overview:
530 Poplar Ave is a multi-family home in Redwood City, CA, built in 1951. The property features a total of 5 bedrooms, 4 bathrooms, and 2,768 sq. ft. of living space. It includes a parking garage, fireplace, cooling system, and on-site laundry. The property consists of a front house (2 bed/1 bath) and a back building with three 1 bed/1 bath units. All units are month-to-month and the sale is AS-IS.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6.1% (lower than state average of 11.8%)
- Property crime risk: 8.4% (lower than state average of 10.8%)
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Schools:
Nearby schools include Rocketship Redwood City, North Star Academy, and Woodside High.- Average SAT score: 1069 (higher than state average of 975)
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Job Market:
- 62.3% white-collar jobs, 37.7% blue-collar jobs
- Unemployment rate: 2.5% (lower than state average of 4.7%)
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Demographics:
- Community population: 35,340 (3% growth since 2000)
- 64% families with children
- Largest age group: 35-44 years (15.98%), followed by 25-34 years (15.44%)
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 52.0°F (January), 83.5°F (July)
- Average rainfall: 18.4 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $74,862
- Average annual spending: $56,499
Property Features:
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Front House:
- 2 bedrooms, 1 bathroom
- Updated with new floors, remodeled bathroom, and new kitchen cabinets
- Hardwood floors
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Back Building:
- Three 1-bedroom, 1-bath units
- Unit 2: Complete bathroom upgrade
- Unit 3: Complete kitchen upgrade, new carpet (<3 years old)
- Unit 4: Complete kitchen & bathroom upgrade, hardwood floors & carpet
- Upper units: Back balcony access; one has a private patio
- Each unit: Designated carport stall
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Amenities:
- On-site laundry room
- High-speed internet access
- Fireplaces
- Smoke-free options
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Investment Potential:
- Fourplex in the heart of Silicon Valley
- Live in one unit, rent out the rest
- Month-to-month leases for flexibility
Location Benefits:
- Prime Poplar Ave location in Redwood City
- Easy access to shopping, freeways, and public transportation
- Family-friendly community with strong schools and low crime
- Ideal for owner-occupancy or investment in a high-demand rental market