Redwood City, CA 94063,2483 Middlefield RD
Listed by Ray Rodriguez • Compass
Bought with Ray Rodriguez • Compass

$5,500,000

$6,195,000

11.2%
Est.Price: ?

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Est. payment /mo

1 Bed

1 Bath

13,302 SqFt


SOLD DATE : 06/18/2025

Key Details

Sold Price $5,500,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 13,302 sqft

Price per Sqft $413

MLS Listing ID ML81992938

Sold Date 06/18/25

Style Flat

Bedrooms 1

Full Baths 1

Year Built 1964

Lot Size 10,890 Sqft

Property Sub-Type Five or More Units

Property Description

Since 2020, this property has seen significant updates, with around $1 million invested in both interior and exterior renovations. It features fifteen spacious one-bedroom, one-bathroom units with open-concept floor plans. A portion of water, trash and sewer is billed back to landlord from the tenants. One of the units is currently vacant. The newly remodeled apartments highlight modern design elements, including premium Frigidaire stainless steel appliances, recessed LED lighting, engineered laminate flooring, and updated kitchens and bathrooms with snow white quartz countertops and high-end cabinetry. Many units also feature Wi-Fi-enabled lighting compatible with Amazon Alexa. Exterior improvements include a new TPO vinyl roof, refreshed landscaping, a new water heater, and a fresh coat of paint. The property offers 15 assigned garages, plus six additional parking spaces, along with private balconies for many units, a central communal area, and an on-site laundry room equipped with two washers and dryers. The property is conveniently across from Costco Wholesale, near downtown Redwood City, and close to employers like Meta and Google. With its strong appeal and excellent location, the property benefits from a robust rental market and historically low vacancy rates.

Location

State CA

County San Mateo

Area Dumbarton Etc.

Zoning RM

Interior

Heating Wall Furnace

Cooling Other

Exterior

Parking Features Assigned Spaces, Attached Garage

Garage Spaces 15.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Polyurethane

Building

Foundation Concrete Slab

Sewer Sewer - Private

Water Private / Mutual

Others

Restrictions Other

Tax ID 054-091-410

Security Features Other

Special Listing Condition Not Applicable

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MLSListings Inc. (MLSListings)
agent
Chris Knox

Broker Associate | License ID: DRE: 01179818

+1(408) 205-3599 | chris@knoxteam.com

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