$899,000
601 Leahy St Apt 306, Redwood City 94061
AddressIntel AI Briefing
An excellent value purchase priced 21% below market average with high rental yield potential. Its move-in-ready condition and low entry price make it a strong individual condo investment, though the single unit limit prevents a bulk play.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2025-11-14 | ALTERATIONS_RESIDENTIAL - LIKE FOR LIKE WINDOW REPLACEMENT | Issued | $13,690 | Home Depot |
| 2025-10-01 | ALTERATIONS_MULTIFAMILY - REMODEL | Issued | $40,000 | T & S CONTSTRUCTION |
| 2024-12-09 | SFR BUILDING - ALTERATION | Issued | $5,000 | FUSE SERVICE INC |
| 2024-06-26 | MULTIFAMILY BUILDING - ALTERATION | Finaled | $45,000 | T AND S CONSTRUCTION |
| 2024-03-18 | SFR BUILDING - ALTERATION | Cancelled | $1,000 | T&S CONSTRUCTION |
Recent Neighborhood Remodeling (Redwood City)
Parcel & Zoning Info
Condo Investment Snapshot
Price positioning vs. 35 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.
Seller Motivation
Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
Fault Zone
Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities.
Nearby Public Schools
Garfield Elementary
Redwood City Elementary
North Star Academy
Redwood City Elementary
Summit Preparatory Charter High
Sequoia Union High
School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.
Proprietary Intelligence
Market Heat Index
78/100
Based on recent sales velocity and local demand in 94061.
Flippability Score
75/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
45%
Likelihood of multiple offers based on local list-to-sale ratios and DOM.
Proforma ROI Calculator
Back-of-the-napkin deal analysis across development strategies.
Median of 12 recent condo sales in Redwood City (94061): $732/sqft. Sized within 50% of the 2,300 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.
Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.
Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (Redwood City 94061)
Sized to the modelled 2,300 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.