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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Jimmy Castellanos • Marcus & Millichap, DRE#02024152

$ 5,400,000

Est. payment | -/mo

12 Beds

11 Baths

5,892 SqFt

Save

$ 5,400,000

Est. payment | -/mo

Save

12 Beds

11 Baths

5,892 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,892 sqft

Price per Sqft $916

MLS Listing ID ML82058820

Style Farm House,Luxury

Bedrooms 12

Full Baths 10

Half Baths 2

Year Built 2024

Lot Size 0.257 Acres

Property Sub-Type Single Family Home

Property Description

NEWLY CONSTRUCTED MULT-UNIT PROPERTY // Twelve Total Bedrooms, Complemented by 10 Full Bathrooms and Two Half Baths // Fully Paid Solar Panels Included & Transfer with Property. 1460 Kentfield Avenue (The Grove on Kentfield) presents a rare opportunity to acquire a best-in-class, newly constructed four-unit multifamily asset completed in November 2024. The property combines thoughtful design, high-quality construction, and strong in-place income, offering investors a generational asset with minimal maintenance and lasting tenant appeal. Comprised of two buildings totaling approximately 5,892 square feet, the community features an excellent unit mix of two spacious 4-bedroom / 3.5-bath townhome-style residences and two 2-bedroom / 2-bath single-story units. The property generates nearly $30,000 per month in gross rental income, with meaningful upside potential as rents continue to rise amid a constrained new construction pipeline in the area. This investment is ideally positioned for an owner-user, multigenerational family compound, and/or investment property, offering a strong current return of nearly 5.00% based on existing rents.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R2

Rooms

Family Room Kitchen / Family Room Combo

Dining Room Dining Area

Kitchen Dishwasher, Hood Over Range, Microwave, Cooktop - Electric, Refrigerator, Oven - Electric

Interior

Heating Central Forced Air, Electric

Cooling Ceiling Fan, Central AC

Flooring Hardwood

Laundry Washer / Dryer

Exterior

Exterior Feature Back Yard, Fenced, Sprinklers - Auto

Parking Features Attached Garage

Garage Spaces 4.0

Utilities Available Individual Electric Meters

Roof Type Shingle,Composition

Building

Story 1

Foundation Concrete Perimeter, Crawl Space

Sewer Sewer - Public

Water Individual Water Meter

Level or Stories 1

Others

Tax ID 059-041-630

Miscellaneous Security Gate

Security Features Security Fence

Horse Property No

Special Listing Condition Not Applicable

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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