$1,599,995
Redwood City, CA 94063
MLS# 26-1961
Status: Pending
1 / 53
Property Description
A rare value-add opportunity in the heart of Redwood City, this well-located triplex sits just blocks from vibrant downtown and directly across from a park, offering an ideal blend of convenience and lifestyle appeal. Each of the three spacious units features 2 bedrooms, 1 full bathroom, a generous living area, and a dedicated dining space alongside a functional kitchen layout. Residents enjoy access to a shared community laundry room, while each unit includes garage space for parking and additional storage. The property offers desirable outdoor living options: the downstairs unit boasts a private backyard, perfect for entertaining or relaxing, while the two upstairs units each feature their own private balconies. This is a compelling Bay Area investment with strong upside potential. Unit 1 is vacant and ready for finishing touches, presenting an opportunity to achieve top-market rents. Units 2 and 3 are currently leased to long-term tenants, providing immediate income stability. With its unbeatable location and clear value-add potential, this triplex stands out as an exceptional investment in one of the Peninsula's most sought-after rental markets.
Details
Address Information
Street Suffix: Street
Cross Street: Standish St
Street Number: 1110
Street Name: Allerton
State/Province: CA
Postal Code: 94063
County: San Mateo
Property Description
List Price: 1599995
Parcel Number: 052-263-090
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $1,599,995
Area: 99 - Outside Shasta Area
Subdivision: N/A
Year Built: 1965
Remarks
Public Remarks: A rare value-add opportunity in the heart of Redwood City, this well-located triplex sits just blocks from vibrant downtown and directly across from a park, offering an ideal blend of convenience and lifestyle appeal. Each of the three spacious units features 2 bedrooms, 1 full bathroom, a generous living area, and a dedicated dining space alongside a functional kitchen layout.
Residents enjoy access to a shared community laundry room, while each unit includes garage space for parking and additional storage. The property offers desirable outdoor living options: the downstairs unit boasts a private backyard, perfect for entertaining or relaxing, while the two upstairs units each feature their own private balconies.
This is a compelling Bay Area investment with strong upside potential. Unit 1 is vacant and ready for finishing touches, presenting an opportunity to achieve top-market rents. Units 2 and 3 are currently leased to long-term tenants, providing immediate income stability. With its unbeatable location and clear value-add potential, this triplex stands out as an exceptional investment in one of the Peninsula's most sought-after rental markets.
Directions: Take exit 409 Off US-101 and turn right onto Whipple Ave, take a left onto Allerton St. The property is on your left hand side
Contract Information
Listing Contract Date: 2026-04-29
Status: Pending
List Date: 2026-04-29
Under Contract Date: 2026-05-30
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
Triplex: 1
Exterior
Wood: 1
Parking
Assigned: 1
Garage: 1
# Spaces Garage: 3
# Spaces Carport: 0
Off Street: 1
On Street: 1
Unit Description
2 Bedroom: 1
Miscellaneous
Laundry in Complex: 1
Some Units Include
Balcony/Deck: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Furnace Wall: 1
Cooling
Window: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Owner May Carry: 1
Possession
Close of Escrow: 1
Existing Rntl Terms
Month to Month: 1
Unit 1
Unit #: 1
# Bedrooms: 2
# Baths: 1
Parking: Private Garage
Stories: 1st Story
Remarks: Vacant - Needs Rehab
Unit 2
Unit #: 2
# Bedrooms: 2
# Baths: 1
Rent: 2000
Deposit: 1100
Parking: Shared Garage
Lease: Month to Month
Stories: 2nd Story
Remarks: On Site Manager
Unit 3
Unit #: 2
# Bedrooms: 2
# Baths: 1
Rent: 1650
Deposit: 1500
Parking: Shared Garage
Lease: Month to Month
Stories: 2nd Story
Property Features
Unit Type: Triplex
Exterior: Wood
Parking: Assigned; Assigned; Off Street; On Street; Garage; Off Street; On Street
Unit Description: 2 Bedroom
Some Units Include: Balcony/Deck
Heating: Forced Air; Furnace Wall
Cooling: Window
Miscellaneous: Laundry in Complex
Ownership: Seller
Existing Rntl Terms: Month to Month
Available Terms: All Cash to Seller; Cash to New Loan; Owner May Carry
Possession: Close of Escrow
IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Nick Kerley
Last Updated: May - 30 - 2026
Information deemed reliable but not guaranteed.