Newly Constructed Fourplex with
For Sale
$5,689,000
1460 Kentfield Avenue, Redwood City, CA 94061
Four-unit property offers townhome-style and single-story layouts with fully paid solar panels.
Property Size5,892 SF
Price / SF$965.55
Days on Market23
Property Features for 1460 Kentfield Avenue
General Information
Standard status
Active
Size
5,892 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 4BR/3.5BA, 2 x 2BR/2BA
Multifamily Units
4
Additional Details
Gross Income
$360,000
Amenities
solar panels
Building Details
Year Built
2024
Buildings
2
Listing Agency:
Marcus & Millichap
Listed By:
Jimmy Castellanos
(714) 497-3550
Source:
Sevengables
Added: Jul 31
Changed: Aug 21
Last Checked: Aug 21 at 11:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Completed in November 2024, this fourplex at 1460 Kentfield Avenue includes two separate buildings with approximately 5,892 square feet of residential space. The four-unit configuration combines two townhome-style residences with two single-story homes, creating a varied layout across the property.
The unit mix includes two four-bedroom, 3.5-bath residences and two two-bedroom, 2-bath residences. Fully paid solar panels are included with the property and transfer to the next owner. The asset is located in Redwood City, California.
The unit mix includes two four-bedroom, 3.5-bath residences and two two-bedroom, 2-bath residences. Fully paid solar panels are included with the property and transfer to the next owner. The asset is located in Redwood City, California.
Key Highlights
- Four‑unit multifamily property completed in November 2024
- Two buildings totaling approximately 5,892 square feet
- Unit mix includes two 4‑bedroom, 3.5‑bath townhome‑style residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,220
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,424,400
$3.4M
Cap Rate 7%
$2,446,000
$2.4M
Cap Rate 9%
$1,902,444
$1.9M
Market Conditions
NOI Build-Up for 5,892 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$261.6K $44.40/SF
− Vacancy
−$17.0K −$2.89/SF
EGI
$244.6K $41.51/SF
− OpEx
−$73.4K −$12.45/SF
NOI
$171.2K $29.06/SF
Area
San Mateo County, CA
Vacancy
6.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,424,400
Cap Rate 7%
$2,446,000
Cap Rate 9%
$1,902,444
Alternative Uses
Best Use
Multifamily LT 5
$2.45M
$2.14M – $2.85M
NOI $171,220 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$2.29M
$2.00M – $2.67M
NOI $160,363 @ 7.0% cap · market cap 2.82%
Theoretical Best
Warehouse
$4.68M
$4.10M – $5.46M
NOI $327,606 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 94061, CA
36,704
Population
14,122
Households
2.6
Avg Household Size
38
Median Age
51%
College-Educated
87%
High-School Grad
3.9 sq mi
ZIP Area
9,411
Density / Sq Mi
$141,599
Median Household Income
$66,388
Median Earnings
$2,818
Median Rent
$1,938,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property offers townhome-style and single-story layouts with fully paid solar panels.
Where is this quadplex located?
The property is located at 1460 Kentfield Avenue Redwood City, CA.
What is the asking price?
The asking price for this property is $5,689,000.
What are key features of this property?
This property features: Four‑unit multifamily property completed in November 2024; Two buildings totaling approximately 5,892 square feet; Unit mix includes two 4‑bedroom, 3.5‑bath townhome‑style residences
