345 1st Avenue

Located in the heart of the San Francisco Peninsula, 345 1st Avenue in Redwood City presents an opportunity for buyers seeking an affordable entry into one of the Bay Area's most desirable real estate markets. Whether you're a first-time homebuyer, investor, or someone looking for a property with future potential, this residence offers the value of location, convenience, and long-term appreciation in a city that continues to experience strong demand. Built in 1954, this single-story home features 3 bedrooms, 1 bathroom, approximately 790 square feet of living space, and sits on a 2,500-square-foot lot. While modest in size, the efficient floor plan provides comfortable living and serves as an excellent canvas for updating, remodeling, or personalizing to fit today's lifestyle. The two car garage and off-street parking add functionality rarely found in homes at this price point. The true appeal of this property lies in its exceptional location. Redwood City has become one of Silicon Valley's most sought-after communities thanks to its central position between San Francisco and San Jose. Residents enjoy convenient access to Highway 101, Interstate 280, Caltrain, and major employers including Meta, Google, Oracle, Stanford University, and numerous technology companies throughout the Peninsula. This connectivity makes commuting simple while maintaining the charm of a well-established neighborhood. Downtown Redwood City is just steps away and offers an impressive collection of restaurants, coffee shops, boutiques, entertainment venues, and community events. Courthouse Square serves as the city's gathering place, hosting concerts, outdoor movies, farmers markets, and seasonal festivals throughout the year. The vibrant downtown atmosphere continues to attract new residents and businesses. The surrounding neighborhood provides everyday conveniences within walking distance, including neighborhood markets, restaurants, parks, and schools. The property's walkable location enhances its appeal for buyers seeking an urban lifestyle without sacrificing the privacy of single-family home ownership. From an investment perspective, Redwood City has consistently demonstrated strong property values due to limited housing inventory and continued employment growth throughout Silicon Valley. This is a fixer and priced for buyers/investors to build sweat equity. Access from Berkshire Ave allows the possibility of the development of a duplex for higher income opportunities.

Days on Market

1 day

Current Status

Active

Original Price

$775,000

List Price

$775,000

On Market Date

Jul 10, 2026

Property Type

Single Family Residence

Area

Fair Oaks

Zip Code

94063

MLS ID

426144527

APN

054-206-160

Year Built

1954

Stories in Building

Unavailable

Possession

Close Of Escrow

Data Source

BAREIS

Origin MLS System

Bed

3

Bath

1

Tub w/Shower Over

Parking

2

Garage Facing Rear, Side-by-Side

SQ FT

790

SQ FT Source

Assessor Auto-Fill

Lot SQ FT

2,500.0

Lot Acres

0.0574 Acres

Cooling

Ceiling Fan(s)

Possession

Close Of Escrow

Architectural Style

Bungalow

Fee

$0

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.