138140 Berkshire Ave

Redwood City, CA 94063

  • $3,725,000

    Price

  • 9,246

    SqFt

  • 0.26

    Acre

Listing Provided Courtesy of David Katz 408-438-0585 - Will Tharp 650-918-0742 - Magnify Real Estate (877) 776-7718

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About the Listing ML5099692 - ML5092319,ML5097642

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 Highlights for 138140 Berkshire Ave

Status Pending
Days on Site 48
Property Type Commercial Sale
MLS ® ML82061752
Year Built 1960
Total Square Footage 9,246
Lot/Acreage 0.26
County San Mateo
Area 699 - Not Defined
School District Other

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: Wall Furnace
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: No Land Lease
  • Garage Capacity: N/A
  • Parking Spaces: 6
  • Zoning: R300S5
  • Roof: Composition,Shingle
  • Others: Has ADU
  • Sewer:

Financial Details

  • Tax Amount: $57,939
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 054285100
  • Tax Year: N/A

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138140 Berkshire Ave Redwood City, CA 94063

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Listing Courtesy of David Katz 408-438-0585 - Will Tharp 650-918-0742 - Magnify Real Estate (877) 776-7718

Originating MLS: CRMLS

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138140 Berkshire Ave

Redwood City, CA 94063

$3,725,000

0 Bed | 0 Bath | 9,246 SqFt

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Redwood City, CA 94063

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Redwood City, CA 94063

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