2483 Middlefield Road, REDWOOD CITY, CA 94063
2483 Middlefield Rd, a multifamily property located near downtown Redwood City, closed at $5,500,000 on June 18, 2025, by the R&Z Group.
This 15-unit property features fifteen 1-bedroom, 1-bath units, totaling 13,302 sq. ft. with a price per unit of $366,666. Key highlights include a cap rate of 5.85% and a gross rental multiplier (GRM) of 11.80. The property is ideally situated across from Costco, offering private balconies, assigned parking, and on-site laundry facilities.
Ken Wu, Senior Investment Advisor at the R&Z Group, facilitated this transaction.
Contact The R&Z Group:
Ray Rodriguez | (650) 405-0743 | Lic# 01999734
Tony Zizzo | (650) 770-8356 | Lic# 01962093
Ken Wu | (415) 825-3085 | Lic# 02131550
Studio
13,302 Sq.Ft. LIVING AREA
10,890 Sq.Ft. lot