Listing Agent: Jimmy Castellanos Broker/Office: Marcus & Millichap
1460 Kentfield Avenue Redwood City CA 94061
$ 5,995,000
12
| 10 Full 2 Half
| 5892 Sq Feet
Listing ID
#ML82046890
Status
Active
Property Type
Single Family Residence
County
San Mateo
Year Built
2024
Days on website
3
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
Financial Information
List Price:
$ 5995000
Property Features
Appliances:
Dishwasher, Microwave
Elementary School:
Other
Flooring:
Wood
Heating:
Central
High School:
Woodside
High School District:
Other
Middle Or Junior School:
John F. Kennedy
Roof:
Composition
Water Source:
Public
Elementary School:
Other
High School:
Woodside
High School District:
Other
Middle Or Junior School:
John F. Kennedy
MLS Area Major:
699 - Not Defined
City:
Redwood City
Listed By:
Jimmy Castellanos
Marcus & Millichap
Co-listed by Eymon Binesh
CA Lic#
Co-listed by Eymon Binesh
CA Lic#