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$ 5,995,000
Est. payment | /mo
12 Beds
11 Baths
5,892 SqFt
$ 5,995,000
Est. payment | /mo
12 Beds
11 Baths
5,892 SqFt
Key Details
Property Type Commercial
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 5,892 sqft
Price per Sqft $1,017
MLS Listing ID ML82046890
Bedrooms 12
Full Baths 10
Half Baths 2
HOA Y/N No
Year Built 2024
Lot Size 0.257 Acres
Acres 0.2566
Property Sub-Type Duet
Property Description
$27,250 monthly income // 4.05% current cap rate // NEW CONSTRUCTION luxury townhomes and cottages.1460 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.
Location
State CA
County San Mateo
Zoning R-2
Interior
Interior Features Dining Area, Family Room
Heating Forced Air, Other
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood
Fireplaces Number 1
Fireplace Yes
Appliance Dishwasher, Electric Range, Microwave
Exterior
Garage Spaces 4.0
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two Story
New Construction No
Schools
School District Sequoia Union High
Others
Tax ID 059041630
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Listed by Jimmy Castellanos • Marcus & Millichap
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