Property Overview:
757 Warrington Ave is a multi-family fourplex in Redwood City, CA 94063, built in 1949. It features 4 one-bedroom units, 4 bathrooms, and 2,080 sq. ft. of living space on a 4,929 sq. ft. lot. The property includes upgraded interiors, dual pane windows, tankless water heaters, and 3 enclosed garages. The estimated home value ranges from $1,245,818 to $1,659,000.
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 KIPP Excelencia Community Preparatory, Summit Preparatory Charter High, North Star Academy, Taft Elementary, John F. Kennedy Middle, and Sequoia High.- 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:
- Fourplex with upgraded one-bedroom units.
- Renovated kitchens: granite countertops, tile flooring, modern cabinetry.
- Double pane windows and individual tankless water heaters.
- Three enclosed garages and common backyard.
- Turn-key investment: tenants in place, 3 of 4 on month-to-month leases.
- Minutes from Downtown Redwood City: shopping, dining, entertainment.
- Close to Caltrain Station (Express service) and major highways (US-101, I-280, San Mateo-Hayward Bridge, Dumbarton Bridge).
Location Benefits:
- Prime investment opportunity in a thriving rental market with low vacancy rates.
- Excellent public transportation and commuter access to San Francisco, Peninsula, and South Bay.
- Near Stanford Hospital Campus and major employers.
- Walkable to parks (Andrew Spinas Park, Hoover Park, Jardin de Ninos Park), grocery stores, coffee shops, and restaurants.
- Strong employment fundamentals and world-class Bay Area location.