Property Overview:
577 Hampshire Ave is a multi-family home in Redwood City, CA (94063), built in 1963. It features 5 bedrooms, 4 bathrooms, and approximately 3,200 sq. ft. of living space. The property includes a parking garage and is known for being a great investment property with long-term tenants and a strong rental history.
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 (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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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:
- Always rented and clean; long-term tenants with children.
- Recent updates: Carpets, paint, flooring, windows, and roof.
- Tiled bathrooms and Pergo flooring.
- Updated appliances throughout.
- Lower 2-bedroom unit: Private patio, fenced yard, and extra storage.
- Close to schools, shopping, transportation, and playgrounds.
Location Benefits:
- Convenient access to schools, shopping, public transportation, and recreational areas.
- Family-friendly community with a high percentage of households with children.
- Professional leasing team available to assist with finding your perfect home.
- Strong rental demand makes this an excellent investment opportunity.