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Listed by Jimmy Castellanos • Marcus & Millichap
$5,400,000
Est. payment /mo
12 Beds
12 Baths
5,892 SqFt
New
1460 Kentfield Avenue Redwood City, CA 94061
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,892 sqft
Price per Sqft $916
MLS Listing ID ML82058820
Bedrooms 12
Full Baths 10
HOA Y/N No
Year Built 2024
Lot Size 0.257 Acres
Property Sub-Type Detached
Source Datashare MLSListings
Property 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
State CA
County San Mateo
Interior
Heating Electric, Forced Air, Solar
Cooling Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment
Flooring Hardwood
Fireplace No
Window Features Double Pane Windows
Appliance Dishwasher, Electric Range, Microwave
Exterior
Garage Spaces 4.0
Private Pool false
Building
Story 1
Architectural Style Farm House
Schools
School District Sequoia Union High, Redwood City Elementary
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