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Berkshire Hathaway HomeServices Ca Properties
146 Madison Avenue, Redwood City, CA 94061
- $3,000,000
- Sold Price
- $3,000,000
- List Price
- $3,100,000
- Closing Date
- Nov 07, 2025
- Status
- CLOSED
- MLS#
- ML82016541
- Year Built
- 1958
- Lot Size
- 7,000
- Acres
- 0.16
- Days on Market
- 29
- Property Type
- Commercial
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.
Additional Information
- Taxes
- $34,376
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition, Shingle
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $205,941
Listing courtesy of Listing Agent: Matthew Thomson (matt.thomson@compass.com) from Listing Office: Compass.
Listing sold by Regan Cherrington from KW Advisors
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.