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Listed by Zhenhua Tao • BQ Group
$ 6,300,000
Est. payment /mo
Active
2451 Middlefield Rd Redwood City, CA 94063
15,680 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,680 sqft
Price per Sqft $401
Subdivision Redwood City
MLS Listing ID 41133594
HOA Y/N No
Year Built 1964
Lot Size 0.253 Acres
Property Sub-Type 5 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
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Carpet
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Coin Operated, Laundry Room
Building
Lot Description Other
Water Public
Others
Special Listing Condition Standard
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