REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by David Katz • Magnify Real Estate • 877-776-7718
$ 3,725,000
Est. payment /mo
New
138-140 Berkshire Avenue Redwood City, CA 94063
9,246 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,246 sqft
Price per Sqft $402
MLS Listing ID ML82061752
HOA Y/N No
Year Built 1960
Lot Size 0.259 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
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.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Water Public
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Nearby School & Business
Get More Information
Quick Search
- San Francisco, CA
- Oakland, CA
- Berkeley, CA
- San Jose, CA
- Concord, CA
- Fremont, CA
- Daly City, CA
- San Ramon, CA
- Hercules, CA
- Vallejo, CA
- Benicia, CA
- Fairfield, CA
- Richmond, CA
- Alameda, CA
- Hayward, CA
- Pleasanton, CA
- Livermore, CA
- Dublin, CA
- San Leandro, CA
- Vacaville, CA
- Walnut Creek, CA
- Castro Valley, CA
- Napa, CA
- American Canyon , CA