$1,975,000
$2,198,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
4,480 SqFt
SOLD DATE : 08/21/2023
Key Details
Sold Price $1,975,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,480 sqft
Price per Sqft $440
MLS Listing ID ML81932304
Sold Date 08/21/23
Bedrooms 3
Full Baths 2
Year Built 1949
Lot Size 10,400 Sqft
Property Description
442 Madison Ave is an exceptional 5-unit value add investment opportunity in the thriving city of Redwood City, California. Situated on a 10,400 square foot parcel of land, the subject property was originally constructed in 1949 and has a gross building area of approximately 4,480 square feet. 442 Madison Ave offers its tenants beautifully designed cottage-style two-bedroom, one-bedroom, and studio floor plans with a detached two-bedroom single family home. Tenants enjoy ample parking from two sizable driveways and three single-car garages. The four buildings are also equipped with five separate PG&E meters and three water meters.
Location
State CA
County San Mateo
Area Middlefield To El Camino Atherton
Zoning R-4
Interior
Heating Wall Furnace
Cooling None
Exterior
Garage Attached Garage, Uncovered Parking
Garage Spaces 3.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 053-053-180
Security Features None
Special Listing Condition Not Applicable
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Bought with Cole Simpson • Marcus & Millichap