122 Madrid Avenue, El Granada, CA 94018

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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!


Interior Features

Bedroom Information
Bedrooms N/A
Flooring Information
Material Carpet
Interior Information
Cooling Type None

Listing Information

Address 122 Madrid Avenue
City El Granada
State CA
Zip 94018
County San Mateo
Listing Agent David Worden DRE #00622628
Courtesy Of Windward Commercial Real Estate Services
List Price $2,100,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size 3,746
Lot Size 6,250
Year Built 1965

Listing information courtesy of: David Worden, Windward Commercial Real Estate Services. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 8:38 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.