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Eric Boyenga

e@boyenga.com +1(408) 506-3942

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

$ 5,995,000

Est. payment | -/mo

12 Beds

11 Baths

5,892 SqFt

Save

$ 5,995,000

Est. payment | -/mo

Save

12 Beds

11 Baths

5,892 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,892 sqft

Price per Sqft $1,017

MLS Listing ID ML82047974

Style Farm House,Luxury

Bedrooms 12

Full Baths 10

Half Baths 2

Year Built 2024

Lot Size 0.257 Acres

Property Sub-Type Fourplex

Source MLSListings, Inc.

Property Description

$27,250 monthly income // 4.05% current cap rate // NEW CONSTRUCTION luxury townhomes and cottages.1460 Kentfield Avenue (The Grove on Kentfield), 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.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R-2

Rooms

Kitchen Appliances - Vary by Unit, Cooktop - Electric, Dishwasher, Hood Over Range, Microwave, Oven - Electric, Refrigerator

Interior

Heating Central Forced Air, Electric

Cooling Ceiling Fan, Central AC, Window / Wall Unit

Flooring Hardwood

Laundry Washer / Dryer

Exterior

Parking Features Attached Garage

Garage Spaces 4.0

Utilities Available Individual Electric Meters, Solar

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter, Crawl Space

Sewer Sewer - Public

Water Individual Water Meter

Architectural Style Farm House, Luxury

Others

Tax ID 059-041-630

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1460 Kentfield AVE Redwood City, CA 94061