California
Redwood City
146 Madison Avenue

$3,100,000

146 Madison Avenue, Redwood City, CA 94061

5,944 sqft

Commercial Property
Built in 1958
7,000sqft lot
—— car garage
$522/sqft
Listed 10 days ago

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.

Listing Status:: Active
Date Added:: July 31, 2025 at 05:00AM
Listing Office:: Compass : (415) 874-5000
Listing Agent:: Matthew Thomson : 650-515-6555
MLS ID:: ML82016541

A/C: None
Heating: Wall Furnace

This listing courtesy of Matthew Thomson, Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sequoia High School

1201 Brewster Ave, Redwood City, CA, 94062

Grades 9-12

0.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.