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Active

122 Madrid AVE

EL GRANADA CA, 94018

$2,300,000


$613.99 per sqft

Active

3,746 sqft

Multi-family

Built in 1965

Listed by Windward Commercial Real Estate Services, David Worden, Listing Contact: 6507261031

Just a short jaunt to Surfers Beach and Princeton Harbor on Half Moon Bay! Convenient to multiple (really good!) restaurants, the famous Mavericks Big Surf venue, the Half Moon Bay Yacht Club and Half Moon Bay General Aviation Airport. And oh, BTW, a terrific community in which to raise kids! Low crime rate and good schools. This fully leased residential 4-plex includes four large 1-bedroom, 1-bath units of identical floorplans. Each unit has its own covered parking and storage closet in the shared garage. The upstairs units have private decks, and the rear downstairs unit has a private patio. The large, shared back yard has potential for an ADU. The coin-op washer and dryer provide additional cash income for the property owner. This very well-located property has great owner-occupancy potential rent out 3 of the units and live virtually free in the 4th unit! An apartment building of 4 or fewer units, with the owner occupying one of the units, qualifies for a single-family owner-occupied loan, generally at lower than apartment rates!

ML81975713

MLS ID

August 6, 2024

Listed

September 18, 2024

Updated

Map

122 Madrid AVE
EL GRANADA CA, 94018

Interior Features

Total Stories

2


Appliances

Oven, Range, Disposal


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Level


Roof

Composition


Sewer

Public Sewer

School Information

School District

Cabrillo Unified

Other Property Details

Area Name

Lower El Granada


Garage

Yes


Garage Spaces

4


Parking

Off Street, Attached


Parking Total

4


View

No


County

San Mateo


Pool

No


Zoning

R30000

Listing History

Date

Event

Price

9/18/2024

Price change

$2,300,000

-5%

Listed by Windward Commercial Real Estate Services, David Worden,
Listing Contact: 6507261031 

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Data last updated 8:27 PM UTC, 9/18/2024

 

 

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