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Offered at $3,725,000, 138-140 Berkshire Avenue represents an exceptional
opportunity to acquire a well-maintained, 10-unit Peninsula asset at a 6.4%
in-place cap rate. Its combination of strong current cash flow, extensive recent
capital improvements, and multiple paths to future expansion makes it an attractive
investment for buyers seeking durable income and long-term upside.
Generating over $28,000 per month in rental income at a 6.4% in-place cap rate, the
property provides investors with reliable in-place revenue while offering multiple
opportunities to further increase value, including two oversized rear garages with
ADU conversion potential and additional upside for new-construction ADUs on the
138 Berkshire parcel, subject to zoning and permitting.
Redwood City continues to benefit from strong rental demand, excellent transportation
access, and close proximity to many of Silicon Valley's leading employment centers.
With its core Peninsula location less than 1 mile from Atherton, desirable unit mix,
extensive capital improvements, passing SB-721 inspection, and unincorporated
status outside current rent control (buyer to verify), 138-140 Berkshire Avenue is
well positioned for long-term value creation and appreciation.
Generating over $28,000/month at a 6.4% in-place cap rate, the property offers immediate, high-yield income with a desirable unit mix that appeals to a broad tenant base.
Major recent upgrades include new roofs (2023), upgraded electrical subpanels (2025), dual-pane windows, and fresh exterior paint (2026). Two oversized rear garages add off-street parking and ADU conversion potential, with further upside for new-construction ADUs on the 138 Berkshire parcel (subject to zoning/permitting).
Less than 1 mile from the Atherton border, the property offers easy access to Highway 101, Downtown Redwood City, Caltrain, and major Silicon Valley employers, supporting strong rental demand.
A passing SB-721 inspection adds buyer confidence, and as an unincorporated property, it sits outside Redwood City's rent control ordinance (buyer to verify) — combining strong income, recent upgrades, and expansion upside in a resilient Peninsula market.