122 Madrid Avenue, El Granada, CA 94018
Fourplex
Sold May 2025
Listing Agent: David Worden (DRE #00622628) · Listing Office: Windward Commercial Real Estate Services · Contact: 650-726-1031 · Bought with: David Worden · Windward Commercial Real Estate Services · MLS #ML81975713 · Source: CRMLS
About this fourplex
Just a short jaunt to Surfers Beach and Princeton Harbor on Half Moon Bay! Convenient to multiple (really good!) restaurants, the famous Mavericks Big Surf venue, the Half Moon Bay Yacht Club and Half Moon Bay General Aviation Airport. And oh, BTW, a terrific community in which to raise kids! Low crime rate and good schools. This fully leased residential 4-plex includes four large 1-bedroom, 1-bath units of identical floorplans. Each unit has its own covered parking and storage closet in the shared garage. The upstairs units have private decks, and the rear downstairs unit has a private patio. The large, shared back yard has potential for an ADU. The coin-op washer and dryer provide additional cash income for the property owner. This very well-located property has great owner-occupancy potential rent out 3 of the units and live virtually free in the 4th unit! An apartment building of 4 or fewer units, with the owner occupying one of the units, qualifies for a single-family owner-occupied loan, generally at lower than apartment rates!
Listing description from the May 2025 sale, as reported to CRMLS.
Sale history