1460 Kentfield Ave - Multi-Family FOR SALE


Redwood City, CA 94061- Palm Park
$5,995,000 USD
408-483-5040
1460 Kentfield Ave, Redwood City, CA for Sale
$5,995,000 USD
Multi-Family - FOR SALE
1/37
null | 4.05% Cap Rate

1460 Kentfield Ave
Redwood City, CA 94061
Palm Park


HIGHLIGHTS

  • TROPHY NEW CONSTRUCTION/ GENERATIONAL ASSET (ORIGINALLY BUILT AS FOR SALE TOWNHOMES COMPLETED IN NOV. 2024)
  • SITUATED IN THE PALM PARK NEIGHBORHOOD
  • STRONG-IN PLACE RENTS WITH UPSIDE POTENTIAL
  • MINUTES TO DOWNTOWN REDWOOD CITY
  • LOCATED IN THE HEART OF THE SILICON VALLEY BETWEEN SAN FRANCISCO AND SAN JOSE
  • CONVENIENT ACCESS TO HIGHWAY 101 AND INTERSTATE 280

OVERVIEW

Contact jcastellanos@marcusmillichap.com for OM and DD. Bay Consulting Group of Marcus & Millichap is pleased to present 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.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$1,017 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,498,750

CAP RATE

4.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R-2

APN/PARCEL ID

059-041-630

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.