1460 Kentfield Avenue, Redwood City, CA 94061
- $5,400,000
- 12
- BD
- 12
- BA
- 5,892
- SqFt
- List Price
- $5,400,000
- Status
- ACTIVE
- MLS#
- ML82058820
- Year Built
- 2024
- Bedrooms
- 12
- Bathrooms
- 12
- Living Sq. Ft
- 5,892
- Lot Size
- 11,179
- Acres
- 0.26
- Days on Market
- 17
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
Property Description
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.
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Additional Information
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Range Hood
- Heat
- Central, Electric
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Composition, Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- School District
- Other
- Elementary School
- Other
- Middle School
- John F. Kennedy
- High School
- Woodside
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Jimmy Castellanos (jimmy.castellanos@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.