146 Madison AVE, Redwood City, CA 94061
- $3,000,000
- 5,944
- SqFt
Listing courtesy of Matthew Thomson from Compass. 650-515-6555
Selling Office: KWPEN.- Sold Price
- $3,000,000
- List Price
- $3,100,000
- Status
- SOLD
- Closing Date
- Nov 07, 2025
- MLS#
- ML82016541
- Subtype
- com
- Year Built
- 1958
- Living Area
- 5,944
- Lot Size
- 7,000
- Acres
- 0.16
- Neighborhood
- Central Park Etc.
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
- Zoning
- R3
- Roof
- Composition, Shingle
- Foundation
- Concrete Perimeter
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