Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by David Katz, DRE #01971921 • Magnify Real Estate

$3,725,000

Est. payment - /mo

3 Beds

2 Baths

9,246 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,246 sqft

Price per Sqft $402

MLS Listing ID ML82061752

Bedrooms 3

Full Baths 2

Year Built 1960

Lot Size 0.259 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Magnify is pleased to present 138-140 Berkshire Avenue, a rare opportunity to acquire two contiguous 5-unit buildings on separate APNs in Redwood City. Offered at a 6.4% in-place cap rate with over $28,000/month in rents, this well-maintained 10-unit offers strong current cash flow and value-add potential. The unit mix includes (4) 2BD/1BA and (6) 1BD/1BA units with spacious floor plans. Major improvements include new roofs (2023), upgraded electrical subpanels (2025), Square D main electrical disconnects, dual-pane windows, fresh exterior paint (2026), newer central water heaters, and a passing SB-721 inspection. Two oversized rear garages provide valuable off-street parking and potential ADU conversion. Additional upside includes potential for new-construction ADUs on the 138 Berkshire parcel, subject to zoning and permitting. Located in a core Peninsula location less than 1 mile from the Atherton border, the property offers convenient access to Highway 101, Downtown Redwood City, Caltrain, and major employers. As an unincorporated property, it is also outside the City of Redwood City's jurisdiction and current rent control ordinance (buyer to verify). Strong in-place income and multiple avenues for future expansion make 138-140 Berkshire an attractive Peninsula investment.

Location

State CA

County San Mateo

Area Dumbarton Etc.

Zoning R300S5

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Attached Garage, Covered Parking, Tandem Parking

Garage Spaces 6.0

Utilities Available Public Utilities

Roof Type Composition,Shingle

Building

Foundation Post and Pier, Wood Frame

Sewer Sewer - Public

Water Public

Others

Tax ID 054-285-100

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker License ID: 00851314

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138-140 Berkshire AVE Redwood City, CA 94063

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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