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Sold for $2,890,000 on 10/03/25
  • $2,890,000

    Vera Redwoodcity, Redwood City, CA 94061

    --beds
    --baths
    6,249sqft
    Five Or More Units, Residential Income
    Built in 1964
    -- sqft lot
    $2,883,200 Zestimate®
    $462/sqft
    $-- Estimated rent

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    $18,007/mo

    Est. payment

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    $18,007/mo

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    What's special

    Marcus & Millichap is excited to present 517 Vera Ave, a boutique 6-unit multifamily community in Redwood City, one of the Bay Areas most dynamic submarkets. Five of the six apartment homes have been meticulously renovated, blending modern design with functional layouts and luxury-inspired finishes. Current average rents of $2,810 per month provide durable in-place income with a projected 10% rental upside. Two ground-floor units feature private patios or expansive backyards, while four upper-level units enjoy spacious balconies, enhancing tenant appeal. The property is within walking distance of Caltrain, offering unmatched regional access for Peninsula commuters.

    Zillow last checked: 8 hours ago

    Listing updated: October 03, 2025 at 06:10am

    Listed by:

    Jimmy Castellanos 02024152 408-483-5040,

    Marcus & Millichap 650-391-1700,

    AJ Decristoforo 02162593 408-709-0383

    Bought with:

    Chee Lee, 01361559

    Re/Max Accord

    Source: MLSListings Inc,MLS#: ML82020310MLS Logo

    Facts & features

    Interior

    Heating
    • Central Forced Air
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Coin Operated
    Features
    • Flooring: Vinyl Linoleum
    • Doors: Other
    Interior area
    • Total structure area: 6,249
    • Total interior livable area: 6,249 sqft

    Property

    Parking
    • Parking features: Carport, Off Street
    • Has carport: Yes
    Accessibility
    • Accessibility features: Other
    Lot
    • Size: 6,969 sqft
    Details
    • Parcel number: 053081160
    • Zoning: R-4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Composition, Shingle
    Condition
    • Year built: 1964

    Utilities & green energy

    • Gas: IndividualGasMeters, PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & neighborhood

    Location
    • Region: Redwood City

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell
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    Estimated market value
    $2,883,200