1460 Kentfield Avenue, Redwood City, CA 94061
List Price: $5.4M
Listing Status: Active
0Days on Market: 0
12 Bedrooms · 12 Bathrooms · 5,892 sq ft
Property Type: Residential
Year Built: 2024
Lot Size: 11,179 sq ft
Garage Spaces: 4
MLS Number: ML82058820
About This Property
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.
Listing provided by: Jimmy Castellanos DRE #02024152 (650) 391-1700 jimmy.castellanos@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: ML82058820
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