1460 Kentfield Avenue, Redwood City, CA 94061
- $5,400,000
- 12
- BD
- 11.5
- BA
- 5,892
- SqFt
- List Price
- $5,400,000
- Status
- ACTIVE
- MLS#
- ML82058820
- Days on Market
- 23
- Property Type
- Single Family Residence
- Bedrooms
- 12
- Bathrooms
- 11.5
- Half-baths
- 2
- Living Area
- 5,892
- Lot Size
- 11,179
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.
Additional Information
- Stories
- One Story
- Year Built
- 2024
- Acres
- 0.26
- School District
- Sequoia Union High
- Roof
- Shingle
- Flooring
- Hardwood
- Kitchen Features
- Dishwasher, Electric Range/Cooktop, Microwave
- Garage Description
- Attached
- Garage Spaces
- 4
- Basement
- Crawl Space
- Cooling
- Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment
- Heating
- Electric, Forced Air, Solar
- Parking Description
- Attached
- Yard Description
- Back Yard
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Listing courtesy of Jimmy Castellanos from Marcus & Millichap
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