Property Overview:
690 Carlos Ave is a multi-family property in Redwood City, CA, built in 1933. The property includes a duplex (units 690 & 694 Carlos) plus a two-bedroom cottage (185 Nueva Ave), totaling three units and approximately 2,065–2,251 sq. ft. of living space on a spacious 8,220 sq. ft. lot. Features include four bedrooms, three bathrooms, and a parking garage. The property currently generates $6,800/month in rental income.
Neighborhood Highlights:
-
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%).
-
Schools:
Nearby schools include Adelante Selby Spanish Immersion, Everest Public High, and North Star Academy.- Average SAT score: 1069 (551 Math, 518 English)—higher than state average of 975.
-
Job Market:
- 62.3% white-collar jobs, 37.7% blue-collar jobs.
- Unemployment rate: 2.5% (lower than state average of 4.7%).
-
Demographics:
- Community population: 35,340 (3% growth since 2000).
- 64% families with children.
- Largest age groups: 35–44 years (15.98%), 25–34 years (15.44%).
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 52.0°F (January), 83.5°F (July).
- Average rainfall: 18.4 inches/year.
- Average snowfall: 0 inches/year.
-
Cost of Living:
- Median household income: $74,862.
- Average annual spending: $56,499.
Property Features:
- Three separate units: Duplex (690 & 694 Carlos) + two-bedroom cottage (185 Nueva Ave).
- Total living space: 2,065–2,251 sq. ft. on an 8,220 sq. ft. lot.
- Comfortable, thoughtfully designed interiors in each unit.
- Outdoor spaces ideal for enjoying Redwood City’s sunny climate.
- Parking garage included.
- Currently generates $6,800/month in rental income—strong investment potential.
Location Benefits:
- Highly desirable area with convenient access to Caltrain, shopping, dining, and parks.
- Perfect for investors seeking reliable income or those wanting a flexible multi-unit setup.
- Located in the vibrant Bay Area with a safe, family-friendly community and excellent schools.