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.
Sold for $3,000,000 on 11/07/25
$3,000,000
Madison Redwoodcity, Redwood City, CA 94061
--beds
--baths
5,944sqft
Five Or More Units, Residential Income
Built in 1958
-- sqft lot
$3,000,200 Zestimate®
$505/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 07, 2025 at 05:33am
Listed by:
Matthew Thomson 01471708 650-515-6555,
Compass 415-874-5000,
Bryan Danforth 01789680 650-274-5227
Bought with:
Regan Cherrington, 02116601
KW Advisors
Source: MLSListings Inc,MLS#: ML82016541
Facts & features
Interior
Heating
- Gas, Wall Furnace
Cooling
- None
Interior area
- Total structure area: 5,944
- Total interior livable area: 5,944 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Lot
- Size: 6,969 sqft
Details
- Parcel number: 053063150
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1958
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Redwood City
Other
Other facts
- Listing agreement: ExclusiveRightToSell
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Estimated market value
$3,000,200