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Eric Boyenga

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

Listed by Zhenhua Tao, DRE #01869132 • BQ Group

$ 6,300,000

Est. payment | -/mo

2 Beds

4 Baths

15,680 SqFt

Save

$ 6,300,000

Est. payment | -/mo

Save

2 Beds

4 Baths

15,680 SqFt

Key Details

Property Type Multi-Family

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

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2451 Middlefield Rd Redwood City, CA 94063