2451 Middlefield Rd, Redwood City, CA 94063
- $6,300,000
- 15,680
- SqFt
- List Price
- $6,300,000
- MLS#
- 41133594
- Property Type
- Multifamily
- Sqft. of Residence
- 15,680
- Lot Size
- 11,003
- Region
- Dumbarton Etc
- Status
- ACTIVE
- County
- San Mateo
- Acres
- 0.25
- Year Built
- 1964
- Parking Spaces
- 18
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 spacesa 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.
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Additional Information
- Basement
- None
- Living Area
- 15,680
- Lot Size
- 11,003
- Possession
- Subject To Tenant Rights, Other
- Region
- Dumbarton Etc
- Roof
- Tar/Gravel
- Subdivision
- Redwood City
- View
- Garden
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Listing courtesy of BQ Group.
All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.