Property Overview:
942 15th Ave is a multi-family property in Redwood City, CA, offered as a fourplex (with two additional ADUs) or individually with 948 15th Ave. Built in 1961, it features 6 bedrooms, a gross building area of ~3,411 sq. ft., and sits on a 6,250 sq. ft. lot (0.14 acres). The property has undergone extensive renovations and is currently listed for $2,395,000.
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 Taft Elementary, Tide Academy, and Cesar Chavez Ravenswood Middle.- Average SAT score: 1069 (551 Math, 518 English) — above 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 above 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:
- Moderate 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 two ADUs and fully renovated original units.
- Unit Mix: Beautifully designed two-bedroom and one-bedroom floor plans.
- Amenities:
- In-unit washer and dryer
- New electrical systems
- New flooring
- Parking garage
- Prime location: Just east of Downtown Redwood City, near upscale shops, restaurants, and Stanford University.
- Excellent connectivity: Close to U.S. Route 101, Interstate 280, San Mateo-Hayward Bridge, and Dumbarton Bridge.
- Investment appeal: Low vacancy rates, strong employment fundamentals, and proximity to major Silicon Valley employers.
Location Benefits:
- Equidistant access to San Jose and San Francisco airports.
- Pedestrian-friendly neighborhood with vibrant dining and shopping scenes in Redwood City, San Carlos, Menlo Park, and Palo Alto.
- Ideal for renters seeking access to major employers, transportation corridors, and entertainment options.
- OPEN HOUSE: Friday 10/12, noon to 1:00 PM.