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!
Sold for $1,430,000
Street View
$1,430,000
122 Madrid Ave, El Granada, CA 94018
4beds
4baths
3,746sqft
Quadruplex, Residential Income
Built in 1965
-- sqft lot
$1,447,900 Zestimate®
$382/sqft
$4,630 Estimated rent
Home value
$1,447,900
$1.32M - $1.59M
$4,630/mo
Zestimate® history
Owner options
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$4,630/mo
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$4,630/mo
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$9,010/mo
Est. payment
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$9,010/mo
Est. payment
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Private patioCovered parkingPrivate decks
Zillow last checked:
Listing updated:
Listed by:
David Worden 00622628 650-619-0553,
Windward Commercial Real Estate Services 650-726-1031
Bought with:
, 00622628
Windward Commercial Real Estate Services
Source: MLSListings Inc,MLS#: ML81975713
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Kitchen
- Features: Countertop_Ceramic, ExhaustFan
Heating
- Gas
Cooling
- None
Appliances
- Included: Exhaust Fan, Disposal, Range Hood, Electric Oven/Range
Features
- Flooring: Carpet, Vinyl Linoleum
- Windows: None
Interior area
- Total structure area: 3,746
- Total interior livable area: 3,746 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Off Street
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 2
Lot
- Size: 6,250 Square Feet
- Features: Level
Details
- Parcel number: 047045020
- Zoning: R30000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1965
Utilities & green energy
- Gas: IndividualGasMeters, NaturalGas
- Sewer: Public Sewer
- Water: Water On Site
- Utilities for property: Natural Gas Available, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: El Granada
Financial & listing details
- Price per square foot: $382/sqft
- Tax assessed value: $110,750
- Annual tax amount: $4,468
- Date on market: 8/6/2024
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: Building, Equipment, OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2025 | Sold | $1,430,000-20.6%$382/sqft |
Source:  MLSListings Inc #ML81975713 Report a problem | ||
| 3/15/2025 | Price change | $1,800,000-5.3%$481/sqft |
Source: MLSListings Inc #ML81975713 Report a problem | ||
| 12/30/2024 | Price change | $1,900,000-9.5%$507/sqft |
Source: MLSListings Inc #ML81975713 Report a problem | ||
| 10/16/2024 | Price change | $2,100,000-8.7%$561/sqft |
Source: MLSListings Inc #ML81975713 Report a problem | ||
| 9/18/2024 | Price change | $2,300,000-4.2%$614/sqft |
Source: MLSListings Inc #ML81975713 Report a problem | ||
| 8/6/2024 | Listed for sale | $2,400,000$641/sqft |
Source: MLSListings Inc #ML81975713 Report a problem | ||
| 3/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/13/2024 | Listed for rent | $2,200-8.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/27/2024 | Price change | $2,400+9.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/29/2024 | Listed for rent | $2,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,243 +6.4% | $110,750 +2% |
| 2024 | $4,930 +10.3% | $108,579 +2% |
| 2023 | $4,468 +9.8% | $106,451 +2% |
| 2022 | $4,070 +9.2% | $104,365 +2% |
| 2021 | $3,727 +0% | $102,320 +1% |
| 2020 | $3,727 +6.6% | $101,272 +2% |
| 2019 | $3,496 +9.9% | $99,287 +2% |
| 2018 | $3,180 +8.3% | $97,342 +2% |
| 2017 | $2,936 +0.9% | $95,434 +2% |
| 2016 | $2,911 +0.9% | $93,563 +1.5% |
| 2015 | $2,886 +1% | $92,158 +2% |
| 2014 | $2,859 | $90,354 +0.5% |
| 2013 | -- | $89,946 +2% |
| 2012 | -- | $88,183 |
| 2011 | -- | $88,183 +2.8% |
| 2010 | -- | $85,810 -0.2% |
| 2009 | -- | $86,015 +2% |
| 2008 | -- | $84,329 +2% |
| 2007 | -- | $82,676 +2% |
| 2006 | -- | $81,055 |
| 2005 | -- | $81,055 +4% |
| 2004 | -- | $77,908 +1.9% |
| 2003 | -- | $76,481 +2% |
| 2002 | -- | $74,982 +2% |
| 2001 | -- | $73,513 +2% |
| 2000 | -- | $72,072 |
Find assessor info on the county website
Neighborhood: 94018
Nearby homes
- $--1 bd1 ba700 sqft122 Madrid Ave APT A, El Granada, CA 94018Off Market
- $1,051,6003 bd1 ba850 sqft128 Madrid Ave, El Granada, CA 94018Off Market
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- $1,570,0004 bd2 ba2.1k sqft138 Madrid Ave, El Granada, CA 94018Off Market
- $1,410,9003 bd2 ba1.6k sqft127 Madrid Ave, El Granada, CA 94018Off Market
- $1,538,9003 bd2 ba1.7k sqft115 Sevilla Ave, El Granada, CA 94018Off Market
- $1,448,0003 bd2 ba1.5k sqft123 Sevilla Ave, El Granada, CA 94018Off Market
- $1,357,5003 bd2 ba1.2k sqft140 Madrid Ave, El Granada, CA 94018Off Market
Nearby schools
GreatSchools rating
- 7/10El Granada Elementary SchoolGrades: K-5Distance: 1.1 mi
- 4/10Manuel F. Cunha Intermediate SchoolGrades: 6-8Distance: 4.1 mi
- 7/10Half Moon Bay High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- District: CabrilloUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,447,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,447,900
- California
- San Mateo County
- Half Moon Bay
- 94018
- 122 Madrid Ave
Nearby cities
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