Redwood City, CA 94063
$3,725,000
Bed
0
Bath
0
Living Space
9,246 SqFt
Year Built
1960
Lot Size
0.26 Acres
Days
13
Magnify is pleased to present 138-140 Berkshire Avenue, a rare opportunity to acquire two contiguous 5-unit buildings on separate APNs in Redwood City. Offered at a 6.4% in-place cap rate with over $28,000/month in rents, this well-maintained 10-unit offers strong current cash flow and value-add potential. The unit mix includes (4) 2BD/1BA and (6) 1BD/1BA units with spacious floor plans. Major improvements include new roofs (2023), upgraded electrical subpanels (2025), Square D main electrical disconnects, dual-pane windows, fresh exterior paint (2026), newer central water heaters, and a passing SB-721 inspection. Two oversized rear garages provide valuable off-street parking and potential ADU conversion. Additional upside includes potential for new-construction ADUs on the 138 Berkshire parcel, subject to zoning and permitting. Located in a core Peninsula location less than 1 mile from the Atherton border, the property offers convenient access to Highway 101, Downtown Redwood City, Caltrain, and major employers. As an unincorporated property, it is also outside the City of Redwood City's jurisdiction and current rent control ordinance (buyer to verify). Strong in-place income and multiple avenues for future expansion make 138-140 Berkshire an attractive Peninsula investment.
Listing provided courtesy ofDavid Katz License 01971921 Magnify Real Estate, Will Tharp License 01984173 Magnify Real Estate
Data provided by MLSListings Inc.
Thu, Oct 1
11:30 AM – 1:00 PM
- Hoover Elementary School (Elementary) - GreatSchools rating 5/10 - John F. Kennedy Middle School (Middle) - GreatSchools rating 4/10 - Everest Public High School (High) - GreatSchools rating 6/10 School District: Redwood City Elementary School District
Within a 1-2 mile radius of Berkshire, Redwood City, CA, 94063, several parks offer recreational opportunities. Stulsaft Park, located at 3737 Farm Hill Blvd, features hiking trails, a playground, and an off-leash dog area. Edgewood Park and Natural Preserve, at 10 Old Stage Coach Road, offers extensive trails, picnic areas, and showcases spring wildflowers. Red Morton Park, at 1120 Roosevelt Ave, is a larger community hub with sports fields, playgrounds, and picnic areas.
The "Berkshire" neighborhood is part of Redwood City, a city known for its diverse neighborhoods and community involvement. Redwood City offers a variety of local businesses, dining options, and community events, including a farmers market. The city has a strong focus on community engagement, with many neighborhoods participating in local initiatives and online platforms to connect residents.
The area has a Walk Score of 98 out of 100, indicating it is a "Walker's Paradise" where most errands can be accomplished on foot. Transit options are available, with several bus lines, including the SEA Shuttle Seaport Centre and MPT Shuttle Redwood City Midpoint, running nearby. The Transit Score is not explicitly listed in the provided search results.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Hoover Elementary School (Elementary) - GreatSchools rating 5/10 - John F. Kennedy Middle School (Middle) - GreatSchools rating 4/10 - Everest Public High School (High) - GreatSchools rating 6/10 School District: Redwood City Elementary School District
Within a 1-2 mile radius of Berkshire, Redwood City, CA, 94063, several parks offer recreational opportunities. Stulsaft Park, located at 3737 Farm Hill Blvd, features hiking trails, a playground, and an off-leash dog area. Edgewood Park and Natural Preserve, at 10 Old Stage Coach Road, offers extensive trails, picnic areas, and showcases spring wildflowers. Red Morton Park, at 1120 Roosevelt Ave, is a larger community hub with sports fields, playgrounds, and picnic areas.
The "Berkshire" neighborhood is part of Redwood City, a city known for its diverse neighborhoods and community involvement. Redwood City offers a variety of local businesses, dining options, and community events, including a farmers market. The city has a strong focus on community engagement, with many neighborhoods participating in local initiatives and online platforms to connect residents.
The area has a Walk Score of 98 out of 100, indicating it is a "Walker's Paradise" where most errands can be accomplished on foot. Transit options are available, with several bus lines, including the SEA Shuttle Seaport Centre and MPT Shuttle Redwood City Midpoint, running nearby. The Transit Score is not explicitly listed in the provided search results.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
