See all 30 photos
30 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,725,000
Est. payment /mo
0.26 Acres Lot
Open House
Thu Sep 24, 11:30am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061752
HOA Y/N No
Year Built 1960
Annual Tax Amount $57,939
Lot Size 0.259 Acres
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 699 - Not Defined
Zoning R300S5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 4
Roof Type Composition,Shingle
Total Parking Spaces 6
Building
Water Public
Schools
School District Other
Others
Tax ID 054285100
Special Listing Condition Standard
Read Less Info
Listed by David Katz Magnify Real Estate #01971921
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
QUICK SEARCH