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Eric Chu

eric@keyluxestates.com +1(650) 922-7449

Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152

$5,400,000

Est. payment - /mo

12 Beds

11 Baths

5,892 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,892 sqft

Price per Sqft $916

MLS Listing ID ML82058820

Style Farm House,Luxury

Bedrooms 12

Full Baths 10

Half Baths 2

Year Built 2024

Lot Size 0.257 Acres

Property Sub-Type Single Family Home

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.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R2

Rooms

Family Room Kitchen / Family Room Combo

Dining Room Dining Area

Kitchen Dishwasher, Hood Over Range, Microwave, Cooktop - Electric, Refrigerator, Oven - Electric

Interior

Heating Central Forced Air, Electric

Cooling Ceiling Fan, Central AC

Flooring Hardwood

Laundry Washer / Dryer

Exterior

Exterior Feature Back Yard, Fenced, Sprinklers - Auto

Parking Features Attached Garage

Garage Spaces 4.0

Utilities Available Individual Electric Meters

Roof Type Shingle,Composition

Building

Story 1

Foundation Concrete Perimeter, Crawl Space

Sewer Sewer - Public

Water Individual Water Meter

Level or Stories 1

Others

Tax ID 059-041-630

Miscellaneous Security Gate

Security Features Security Fence

Horse Property No

Special Listing Condition Not Applicable

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Nearby Schools and Businesses

Eric Chu

Agent License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

1460 Kentfield AVE Redwood City, CA 94061

Eric Chu

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Schools and Businesses

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1460 Kentfield AVE