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650-436-3611
RP Estates Inc.
146 Madison Avenue, Redwood City, CA 94061
- $3,000,000
- 5,944
- SqFt
- Sold Price
- $3,000,000
- List Price
- $3,100,000
- Status
- CLOSED
- MLS#
- ML82016541
- Closing Date
- Nov 07, 2025
- Year Built
- 1958
- Property Type
- Other
- Living Area
- 5,944
- Lot Size
- 7,000
- Acres
- 0.16
- County
- San Mateo
- Subdivision
- Ca
Property Description
True turnkey apartment building in excellent Redwood City location. Attractive Unit Mix: (2) Two-Bedroom / One Bath Units & (5) One-Bedroom / One-Bath Units. Four of the seven units are renovated. Several recent capital improvements including New roof, upgraded electrical meeting current insurance requirements, new catwalk, new exterior paint, new drainage & new water heater. Day One 4.53% Cap Rate (true Cap Rate w/ fair underwriting). Zero deferred maintenance. Outstanding west Redwood City location walking distance to Whole Foods. All tenants have extra storage space and sufficient parking. Close proximity to all the high-end shopping, dining and entertainment amenities of robust & booming downtown Redwood City. Easy access to Woodside Road and Highways 101 & 280. One of the strongest rental submarkets on the Peninsula led by a high-class tenant profile paying premium rents.
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Additional Information
- Appliances
- Refrigerator
- Roof
- Composition Shingles
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Listing courtesy of Matthew Thomson from Compass. 650-515-6555
Selling Office: KW Advisors.
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