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Listed by Jimmy Castellanos • Marcus & Millichap
$ 5,995,000
Est. payment /mo
Open Wed 12PM-1PM
1460 Kentfield Avenue Redwood City, CA 94061
5,892 SqFt
Open House
Wed May 06, 12:00pm - 1:00pm
Sat May 09, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,892 sqft
Price per Sqft $1,017
MLS Listing ID ML82045071
HOA Y/N No
Year Built 2024
Lot Size 0.257 Acres
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
$27,250 monthly income // 4.05% current cap rate // NEW CONSTRUCTION luxury townhomes and cottages.1460 Kentfield Avenue (The Grove on Kentfield), a rare opportunity to acquire a best-in-class, newly constructed four-unit multifamily asset completed in November 2024. The property combines thoughtful design, high-quality construction, and strong in-place income, offering investors a generational asset with minimal maintenance and lasting tenant appeal. Comprised of two buildings totaling approximately 5,892 square feet, the community features an excellent unit mix of two spacious 4-bedroom / 3.5-bath townhome-style residences and two 2-bedroom / 2-bath single-story units. The property generates nearly $30,000 per month in gross rental income, with meaningful upside potential as rents continue to rise amid a constrained new construction pipeline in the area.
Location
State CA
County San Mateo
Interior
Heating Electric, Forced Air, Solar
Cooling Ceiling Fan(s), ENERGY STAR Qualified Equipment
Flooring Hardwood
Fireplace No
Window Features Double Pane Windows
Schools
School District Sequoia Union High, Redwood City Elementary
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