146 Madison Avenue, Redwood City, CA 94061

About this commercial property

True turnkey apartment building in excellent Redwood City location. Attractive Unit Mix: (2) Two-Bedroom / One Bath Units & (5) One-Bedroom / One-Bath Units. Four of the seven units are renovated. Several recent capital improvements including New roof, upgraded electrical meeting current insurance requirements, new catwalk, new exterior paint, new drainage & new water heater. Day One 4.53% Cap Rate (true Cap Rate w/ fair underwriting). Zero deferred maintenance. Outstanding west Redwood City location walking distance to Whole Foods. All tenants have extra storage space and sufficient parking. Close proximity to all the high-end shopping, dining and entertainment amenities of robust & booming downtown Redwood City. Easy access to Woodside Road and Highways 101 & 280. One of the strongest rental submarkets on the Peninsula led by a high-class tenant profile paying premium rents.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$3,000,000

Sold November 2025 · listed $3,100,000, on market July 2025 · MLS #ML82016541 · Source: CRMLS

Listing Agent: Matthew Thomson · Listing Office: Compass · Contact: (415) 874-5000 · Bought with: Regan Cherrington · KW Advisors

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