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ActiveCondo

$1,398,000

657 Walnut St Apt 540, San Carlos 94070

Beds2
Baths2
Sqft1,223
DOM5
No Photos Available

AddressIntel AI Briefing

This modern condo unit built in 2020 represents a stable, turn-key rental income asset with low maintenance overhead. It trades at a premium to the market, serving strictly as a yield-focused portfolio hold with minimal near-term capital appreciation potential.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (San Carlos)

2026-08-03112 WILDWOOD AVE SAN CARLOS CA 94070
Building Residential-Bathroom Remodel
--Issued
2026-07-31819 RUTHERDALE AVE SAN CARLOS CA 94070
Building Residential-Interior Remodel
--Issued
2026-07-302468 SAN CARLOS AVE SAN CARLOS CA 94070
Building Residential-Bathroom Remodel
--Issued
2026-07-3022 WHITMAN CT SAN CARLOS CA 94070
Building Residential-Bathroom Remodel
--Issued
2026-07-30128 HILLCREST RD SAN CARLOS CA 94070
Building Residential-Interior Remodel
--Issued
2026-07-302025 BELMONT AVE SAN CARLOS CA 94070
Building Residential-Bathroom Remodel
--Issued

Parcel & Zoning Info

APN118140999
Official Lot Sqft81,224
Zoning CodeNO DATA ASSIGNED
SB 9 StatusN/A

Condo Investment Snapshot

Value Score0/100
Price / Sqft$1,143 vs $915 mkt
Price vs Market+24.9% Above market
Est. Rent$4,854/mo

Price positioning vs. 52 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.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

Yes
In a mapped liquefaction zone. May require specialized foundation engineering.

Fault Zone

No
Not in a mapped Alquist-Priolo 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

Elementary School

Arroyo

San Carlos Elementary

0.4 miles away
Middle School

Central Middle

San Carlos Elementary

0.3 miles away
High School

Redwood High

Sequoia Union High

1.2 miles away

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

86/100

Based on recent sales velocity and local demand in 94070.

Flippability Score

10/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

46%

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 3 recent condo sales in 94070: $827/sqft.

Hard Costs$720,000
New Build1,800 sqft
Total Capital Required$2,293,000
Estimated Resale (ARV)$1,488,600

Projected Profit

-$804,400
-35.1% ROI

Warning: Project is mathematically underwater.

Recent Comparables (94070)

3366 Brittan Ave Apt 15

Sold
$800,000
Sold: 2026-07-31
Lot: 1,371
Sqft: 1040
$/Sqft: $769

793 Elm St Apt 21

Sold
$1,256,000
Sold: 2026-07-31
Lot: -
Sqft: 1519
$/Sqft: $827

657 Walnut St Apt 423

Sold
$1,465,000
Sold: 2026-07-27
Lot: -
Sqft: 1223
$/Sqft: $1,198