Madison

Redwood City Redwood City, CA, 94061
Active Under Contract $3,100,000
  • 5,944sqft
  • 7,000sf lot
Listing agents:
Matthew Thomson
Compass
Bryan Danforth
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.

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Madison is a Residential Income Five Or More Units property located in Redwood City, California, featuring a 7,000 sqft lot, 5,944 sqft, MLS #ML82016541.
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Data last modified: 2025-09-01 15:15:08