Listing Agent: Jimmy Castellanos      Broker/Office: Marcus & Millichap
1460 Kentfield Avenue Redwood City CA 94061
$ 5,400,000
  12   |    10 Full  2 Half   |    5892 Sq Feet

Listing ID

#ML82058820

Status

Active

Property Type

Single Family Residence

County

San Mateo

Year Built

2024

Days on website

7

Description
NEWLY CONSTRUCTED MULT-UNIT PROPERTY // Twelve Total Bedrooms, Complemented by 10 Full Bathrooms and Two Half Baths // Fully Paid Solar Panels Included & Transfer with Property. 1460 Kentfield Avenue (The Grove on Kentfield) presents 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. This investment is ideally positioned for an owner-user, multigenerational family compound, and/or investment property, offering a strong current return of nearly 5.00% based on existing rents.
Location
Financial Information
List Price:  $ 5400000
Property Features
Appliances:  Dishwasher, Microwave, Refrigerator
Elementary School:  Other
Flooring:  Wood
Heating:  Central, Electric
High School:  Woodside
High School District:  Other
Middle Or Junior School:  John F. Kennedy
Roof:  Composition, Shingle
Elementary School:  Other
High School:  Woodside
Middle Or Junior School:  John F. Kennedy
High School District:  Other
MLS Area Major:  699 - Not Defined
City:  Redwood City
Listed By:   Jimmy Castellanos   Marcus & Millichap 
Co-listed by
Costantini Team  
CA Lic#