138-140 Berkshire AVE, Redwood City, CA 94063
138-140 Berkshire AVE, Redwood City, CA 94063
138-140 Berkshire AVE, Redwood City, CA 94063
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
Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by David Katz • Magnify Real Estate, DRE#01971921
$3,725,000
Est. payment /mo
3 Beds
2 Baths
9,246 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,246 sqft

Price per Sqft $402

MLS Listing ID ML82061752

Bedrooms 3

Full Baths 2

Year Built 1960

Lot Size 0.259 Acres

Property Sub-Type Five or More Units

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

Area Dumbarton Etc.

Zoning R300S5

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Attached Garage, Covered Parking, Tandem Parking

Garage Spaces 2.0

Utilities Available Public Utilities

Roof Type Composition,Shingle

Building

Foundation Post and Pier, Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 054-285-100

Security Features None

Special Listing Condition Not Applicable

Read Less Info
MLSListings Inc. (MLSListings)
Copyright 2026 MLSListings Inc All rights reserved.
NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from KW Peninsula Estates, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

138-140 Berkshire AVE

Find your next Bay Area home with

Josh Yoo.

As a Bay Area native and Top 1% real estate advisor, Josh brings local expertise, strategic guidance, and personal support to help you buy with confidence in a competitive market.