For sale

$6,300,000

Est. $41,889/mo —

—

•

— ba

•

15,680

sq ft

2451 Middlefield Rd, Redwood City, CA 94063

About this home

2451 Middlefield Rd presents a rare 18-unit multifamily investment opportunity in Redwood City. Located within a federally designated Opportunity Zone, the property offers potential tax advantages for Qualified Opportunity Fund investors. With significant upside through unit renovations and operational improvements, investors may benefit from accelerated depreciation strategies and long-term appreciation in one of Silicon Valley's strongest rental markets. The property features a well-balanced unit mix of ten (10) one-bedroom/one-bath units and eight (8) studios, along with eighteen (18) on-site parking spaces—a rare and valuable amenity in this area. Many of the units have been upgraded with modern kitchens and bathrooms. Located directly across from Costco Wholesale and just minutes from downtown Redwood City, the property benefits from excellent access to shopping, dining, and entertainment. Nearby Highway 101, El Camino Real, and the Caltrain provide easy commuting to major employment hubs such as Palo Alto, Menlo Park, and San Francisco.

Multi-familyProperty Type

1964Year Built

0.25 acresLot Size

$402Price/Sq.Ft.

Listed by Zhenhua Tao •DRE #01869132 • BQ Group

Listed by Jenny Guo •DRE #01948660 • BQ Group

Listing updated: Aug 27, 2026 at 06:38pm

Redfin checked: 3 minutes ago

•Source:bridgeMLS, Bay East AOR, or Contra Costa AOR #41133594

Payment calculator

$41,889 per month

Principal and interest$34,382

Property taxes

$6,563

HOA dues

Home insurance

$945

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Hoover Elementary School

Public K-8 • Assigned • 0.2mi

5/10

Sequoia High School

Public 9-12 • Assigned • 1.3mi

7/10

Provided by GreatSchools

About Redwood

Village

Redwood Village, located between El Camino Real and Alameda de las Pulgas, is a residential and commuter-friendly Redwood City neighborhood with tree-lined blocks and a low-key, walkable feel. The neighborhood’s character concentrates around the Woodside Road and El Camino Real crossroads, where taquerias, independent salons, and small markets keep the sidewalks active. Local pillars such as Freewheel Brewing Company, Fox Theatre, and the Redwood City Public Library add a cultural throughline beyond the residential streets. Housing leans toward mid-century ranch homes and tidy apartment courts, with pockets of updated infill. Stretches of sidewalk shade and front-yard landscaping give the area a calm cadence. Downtown’s dining and Caltrain sit a short ride away, while nearby parks and trails shape daily routines.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Dishwasher
Refrigerator

Bedrooms
Multiple one-bedroom units (several units contain 1 bedroom)

Bathrooms
Multiple units with 1 bathroom

Kitchen
Dishwasher
Refrigerator

Laundry & utility
On-site laundry room
Coin-operated laundry

Flooring
Tile
Carpet

Heating & cooling
Wall furnaces (heating present)

Sale and tax history for 2451 Middlefield Rd

Sale History
Tax History

Date

Event

Price

bridgeMLS, Bay East AOR, or Contra Costa AOR #41133594

May 5, 2026

Listed

$6,300,000

$402/sq ft

MLSListings #ML81413728

Sep 24, 2014

Sold

$3,650,000

$233/sq ft

Jul 3, 2014

Pending

—

Apr 24, 2014

Listed

$3,795,000

$242/sq ft

Over $125,000 in recent upgrades. Strategically located with excellent visibility across from Costco Wholesale in close proximity to amenities of the downtown area as well as several major development projects. The building consists of (10)one-bedroom/one-bath units and (8)studios. Rents are significantly below market allowing a purchaser to add value immediately and achieve a 6.30% Cap/11.34 GRM

MLSListings #ML81148643

Apr 3, 2012

Sold

$2,200,000

$140/sq ft

Mar 19, 2012

Pending

—

Nov 28, 2011

Listed

$2,250,000

$143/sq ft

Public Records

Nov 1, 1985

Sold

$875,000

$56/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$68,593 (+1.9%)

$2,237,239 + $2,237,239

$4,474,478

2024

$67,336 (+2.2%)

$2,193,372 + $2,193,372

$4,386,744

2023

$65,892 (+4.7%)

$2,150,365 + $2,150,365

$4,300,730

2022

$62,957 (+1.6%)

$2,108,201 + $2,108,201

$4,216,402

2021

$61,982 (+1.9%)

$2,066,864 + $2,066,864

$4,133,728

2020

$60,845 (+1.2%)

$2,026,338 + $2,026,338

$4,052,676

2019

$60,145 (+4.3%)

$2,005,561 + $2,005,561

$4,011,122

2018

$57,652 (+6.5%)

$1,966,237 + $1,966,237

$3,932,474

2017

$54,131 (+3.2%)

$1,889,887 + $1,889,887

$3,779,774

2016

$52,447 (+4.1%)

$1,889,887 + $1,889,887

$3,779,774

2015

$50,358 (+45.2%)

$1,852,831 + $1,852,831

$3,705,662

2014

$34,680 (+53.5%)

$1,152,709 + $1,101,478

$2,254,187

2012

$22,594 (+4.0%)

$1,147,500 + $1,096,500

$2,244,000

2011

$21,731 (+5.2%)

$414,076 + $828,162

$1,242,238

2010

$20,661 (+2.1%)

$405,957 + $811,924

$1,217,881

2009

$20,230 (+1.4%)

$402,923 + $805,856

$1,208,779

2008

$19,951

$403,881 + $807,771

$1,211,652

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.25 Acres

Year renovated

1964

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

15,680

Year built

1964

Style

Multi-Family (5+ Unit)

County

San Mateo County

APN

054091420

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 2, 2026.

MUN

Mixed-Use Neighborhood District

The Mixed-Use Neighborhood (MUN) district implements the Mixed Use - Neighborhood land use category in the General Plan. The MUN district provides opportunities for moderate-scale developments that facilitate pedestrian-friendly environments. The purpose of the MUN district is to provide areas for a variety of activities, including commercial, office, and moderate-density residential uses, or a mixture thereof. Single-use residential and nonresidential buildings are permitted in the MUN district as well. Sensitivity to lower-intensity adjacent uses, a focus on pedestrian and street-oriented design, and uses that serve the immediate neighborhoods are key considerations.

Permitted uses

Include but are not limited to:

Bank
Day care facility
General retail
Restaurant
Housing-Group
Housing-Multiple units
Housing-Senior
Bed & breakfast
Hotel / motel
Office

Jun 18, 2024 • Final

Multifamily building

Remove and replace a stair structure with a like-for-like design. Work includes the exterior wall foundation for the stairs.

Remodel

Aug 14, 2019 • Final

Construction permits

Trench and replace a county sewer lateral.

Plumbing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Local insights from Redfin agents

More homes came on the market this June, giving buyers additional choices without slowing demand. Neighborhoods close to downtown and those offering larger lots continue to see strong activity when priced well.
2 months ago • Redwood City
Sasai Zhang
Redfin Premier agent
182 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 91° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

8/10 Air Factor

16 unhealthy days expected this year, 16 days in 30 years

Provided by First Street

Historical weather

Redwood City, CA • 94063

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

85/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in Redwood City. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.8 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 2451 Middlefield Rd

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Details provided by bridgeMLS, Bay East AOR, or Contra Costa AOR and may not match the public record. Learn more.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 2451 Middlefield Rd

Public record

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 2451 Middlefield Rd

Early Access listings

Nearby similar homes

New listings for sale in 94063

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