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Listed by Jimmy Castellanos • Marcus & Millichap
$5,995,000
Est. payment /mo
12 Beds
12 Baths
5,892 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 5,892 sqft
Price per Sqft $1,017
MLS Listing ID ML82046890
Bedrooms 12
Full Baths 10
HOA Y/N No
Year Built 2024
Lot Size 0.257 Acres
Property Sub-Type Duet
Source Datashare MLSListings
Property Description
$27,250 monthly income // 4.05% current cap rate // NEW CONSTRUCTION luxury townhomes and cottages.1460 Kentfield Avenue (The Grove on Kentfield), 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.
Location
State CA
County San Mateo
Interior
Heating Forced Air, Other
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood
Fireplaces Number 1
Fireplace Yes
Appliance Dishwasher, Electric Range, Microwave
Exterior
Garage Spaces 4.0
Private Pool false
Building
Story 2
Water Public
Schools
School District Sequoia Union High, Redwood City Elementary
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