Updated Duplex with Private
New
For Sale
$1,735,000
32013203 Hoover Street, Redwood City, CA 94063
Updated two-unit duplex with central heating and A/C, each unit has its own private single-car garage and washer/dryer.
Property Size2,313 SF
Price / SF$750.11
Days on Market4
Property Features for 32013203 Hoover Street
General Information
Standard status
Active
Size
2,313 SF
Property subtype
Multi Family
Building Details
Year Built
1953
Listing Agency:
The Agency
(650) 930-7956
Listed By:
Linda Wang · License #01703792
(650) 930-7956
Source:
Exitrealty
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency
Investment Insights
Based on property information with market context.
Updated duplex on a corner lot featuring two separate 2BD/1BA units. The property is 2,313 SF and was built in 1953. Both units have been updated with bright, open living spaces, luxury vinyl flooring, dual-pane windows, central heating and A/C, and fresh interior and exterior paint.
Each unit includes its own private single-car garage and an in-unit washer/dryer. Kitchens feature quartz countertops and full-height tile backsplash, with updated cabinetry and tile flooring. Designer bathrooms include newer vanities and shower-over-tub combinations. Exterior details include mature trees in the front yard, privacy trees along the side fence, and a backyard with fruit trees on the corner side, while the other unit offers a low-maintenance hardscaped side yard.
Conveniently located near Hwy 101 and within reach of downtown Redwood City, Caltrain, and major employers and amenities including Meta, Google, Microsoft, Snowflake, and Stanford University.
Each unit includes its own private single-car garage and an in-unit washer/dryer. Kitchens feature quartz countertops and full-height tile backsplash, with updated cabinetry and tile flooring. Designer bathrooms include newer vanities and shower-over-tub combinations. Exterior details include mature trees in the front yard, privacy trees along the side fence, and a backyard with fruit trees on the corner side, while the other unit offers a low-maintenance hardscaped side yard.
Conveniently located near Hwy 101 and within reach of downtown Redwood City, Caltrain, and major employers and amenities including Meta, Google, Microsoft, Snowflake, and Stanford University.
Key Highlights
- 2,313 SF updated duplex built in 1953
- Two updated 2BD/1BA units in separate living spaces
- Corner lot with mature trees and privacy trees along the side fence
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.7k | $44.40 |
| − Vacancy | −$6.7k | −$2.89 |
| EGI | $96.0k | $41.51 |
| − OpEx | −$28.8k | −$12.45 |
| NOI | $67.2k | $29.06 |
2,313 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$960.2K
$840.2K – $1.12M
NOI $67,215 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$899.3K
$786.9K – $1.05M
NOI $62,953 @ 7.0% cap · market cap 3.63%
Theoretical Best
Warehouse
$1.84M
$1.61M – $2.14M
NOI $128,607 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 94063, CA
35,836
Population
12,162
Households
2.9
Avg Household Size
34
Median Age
35%
College-Educated
74%
High-School Grad
6.5 sq mi
ZIP Area
5,513
Density / Sq Mi
$115,528
Median Household Income
$50,960
Median Earnings
$2,802
Median Rent
$1,077,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit duplex with central heating and A/C, each unit has its own private single-car garage and washer/dryer.
Where is this duplex located?
The property is located at 32013203 Hoover Street Redwood City, CA.
What is the asking price?
The asking price for this property is $1,735,000.
What are key features of this property?
This property features: 2,313 SF updated duplex built in 1953; Two updated 2BD/1BA units in separate living spaces; Corner lot with mature trees and privacy trees along the side fence
