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122 Madrid Avenue, 
El Granada, CA 94018

$1,800,000


4

Beds


Bath


3,746

Sq Ft


Multi-Family

Active

Listed by

David Worden

Windward Commercial Real Estate Services

dave@windward-commercial.com

Last updated:

June 10, 2025, 02:23 PM

MLS#

ML81975713

Source:

CA BRIDGEMLS

About This Home

122 Madrid Avenue

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!

Home Facts

Multi-Family

4 Bedrooms

Built in 1965

Price Summary

1,800,000

$480 per Sq. Ft.

MLS #:

ML81975713

Last Updated:

June 10, 2025, 02:23 PM

Added:

10 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Interior

Living Area:

3,746 Sq. Ft.


Structure

Structure

Architectural Style:

Quadruplex

Building Area:

3,746 Sq. Ft.

Year Built:

1965


Lot

Lot Size (Sq. Ft):

6,098


Finances & Disclosures

Finances

Price:

$1,800,000

Price per Sq. Ft:

$480 per Sq. Ft.

Source:CA BRIDGEMLS
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