$3,725,000

138140 Berkshire Avenue, Redwood City CA, 94063

Price per sqft$402.88

Built in1960

Property size9,246 sqft

Property typeCommercial

Listed by David Katz CA DRE# 01971921 with Magnify Real Estate 408-438-0585

Overview

Active

Listed Sep 17, 2026

Updated 4 days ago

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.

Additional information

MLS^® ID: ML82061752

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.26 Acres

Other Property Details

Taxes: $57,939
Tax Frequency: Annually
Maintenance Expense: $7,500

Listed by David Katz CA DRE# 01971921 with Magnify Real Estate 408-438-0585

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/3/2026 at 4:43 AM UTC Last Checked: 4:43 AM UTC