5
See all 5 photos
Listed by Zhenhua Tao, DRE #01869132 • BQ Group
$6,300,000
Est. payment /mo
2 Beds
4 Baths
15,680 SqFt
New
2451 Middlefield Rd Redwood City, CA 94063
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,680 sqft
Price per Sqft $401
MLS Listing ID BE41133594
Bedrooms 2
Year Built 1964
Lot Size 0.253 Acres
Property Sub-Type Five or More Units
Source Bay East
Property Description
2451 Middlefield Rd presents a rare 18-unit multifamily investment opportunity in Redwood City. Located within a federally designated Opportunity Zone, the property offers potential tax advantages for Qualified Opportunity Fund investors. With significant upside through unit renovations and operational improvements, investors may benefit from accelerated depreciation strategies and long-term appreciation in one of Silicon Valley's strongest rental markets. The property features a well-balanced unit mix of ten (10) one-bedroom/one-bath units and eight (8) studios, along with eighteen (18) on-site parking spaces-a rare and valuable amenity in this area. Many of the units have been upgraded with modern kitchens and bathrooms. Located directly across from Costco Wholesale and just minutes from downtown Redwood City, the property benefits from excellent access to shopping, dining, and entertainment. Nearby Highway 101, El Camino Real, and the Caltrain provide easy commuting to major employment hubs such as Palo Alto, Menlo Park, and San Francisco.
Location
State CA
County San Mateo
Area Dumbarton Etc.
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Carpet - Wall to Wall
Laundry In Laundry Room, Laundry Facility - Coin-Op
Exterior
Exterior Feature Stucco
Parking Features Spaces per Unit - 1
Garage Spaces 18.0
Roof Type Tar and Gravel
Building
Lot Description Other
Others
Tax ID 054-091-420
Special Listing Condition Not Applicable
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