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$1,430,000

$1,800,000 20.6%

Est. payment - /mo

4 Beds

4 Baths

3,746 SqFt

Sold on 05/07/2025

122 Madrid AVE El Granada, CA 94018

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321

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UPDATED:

Key Details

Sold Price $1,430,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,746 sqft

Price per Sqft $381

MLS Listing ID ML81975713

Bedrooms 4

Full Baths 4

Year Built 1965

Lot Size 6,250 Sqft

Property Sub-Type Fourplex

Property Description

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!

Location

State CA

County San Mateo

Area Lower El Granada

Zoning R30000

Rooms

Kitchen Countertop - Ceramic, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric

Interior

Heating Gas

Cooling None

Flooring Carpet, Vinyl / Linoleum

Exterior

Exterior Feature Back Yard, Fenced

Parking Features Attached Garage, Off-Street Parking

Garage Spaces 4.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Natural Gas

Roof Type Composition

Building

Lot Description Grade - Level

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Water On Site

Others

Special Listing Condition Not Applicable

GET MORE INFORMATION

Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321