CA
San Mateo
REDWOOD CITY
94061
146 Madison Avenue
146 Madison Avenue, REDWOOD CITY, CA 94061
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Listing Type
Multi Family
Listing Status
contingent
19
$3,100,000
Home Details for 146 Madison Avenue
Price
$3,100,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
5944
Year built
1958
Lot size acres
0.1607
County
San Mateo
Garage
Days on site
43
MLS Listing#
ML82016541
Listed By: Compass - 415-874-5000
Presented by: Matthew Thomson
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.
Property Features
Heating Information
- Natural Gas
- Wall Furnace
Cooling Information
- None
Water Features
- Public
Parking
- Carport
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Last Updated: 2025-09-01 09:45:28
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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