June 10, 2014

BOGO in Redwood City

414 ST FRANCIS St
Redwood City, CA 94062
$675,000 Price 
1 Beds 
1 Baths  690 Sq. Ft.
$978 / Sq. Ft.
Built: 1946 Lot Size: 6,517 Sq. Ft. On Redfin: 11 days Status: Active

Very unique property offering endless possibilities! TWO SEPARATE UNITS on a large lot. Terrific location! Great opportunity for investors, builders or owner occupied buyers. Main house is a charming 1 bedroom, 1 bath featuring a cheerful living/dining room combo; deck with views of the hills; a large bedroom; hardwood floors. The second unit is 1 bedroom with a private side yard. Open Sat/Sun 2-4.

20140609a

That’s right! Buy one get one! Who doesn’t like a deal?

I don’t know about you, but that second house (which looks suspiciously like a former garage or barn) would be great for servants.

That’s right, all you Downton Abbey fans – this is the house for you! Just think! You could be the lord of 414 St Francis! How prestigious!

Most importantly, your servants would literally be below you (since the second unit is a bit sunken). Feeling high and mighty already, right?

Deals like this don’t come up everyday! And at just $675k! What a steal!

Bogo before it gogos!

Comments (4) -- Posted by: burbed @ 5:51 am

4 Responses to “BOGO in Redwood City”

  1. KikiSC Says:

    Here’s the thing: smaller homes that are too deteriorated to attract a first-time buyer (fear) at an asking price that deters investors because they have no way to work the cash flow to make the purchase price make sense leaves only the “tear down” buyer on these dilapidated places. That reduces the pool of buyers to a pretty small number of people so the properties just sit. Not all properties are for all buyers, and if you’re inclined to sell “as is,” well, you’re only going to attract a few types of purchasers.

  2. PatinDC Says:

    I am intrigued by the fact that the 2nd unit(servants quarters) has no bathroom. Is there mention of outhouse facilities for the lesser tenants?

  3. Mike L Says:

    We drove by this place 2 weeks ago. It looks like there may be some Do not disturb tenants in the other unit. That makes it an uphill battle if there’s existing tenants in the unit. Not 100% on the rules in RWC but in SF that would be a red flag

  4. nomadic Says:

    Holy crap – sold for $815k last week.


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