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122 Madrid Avenue

El Granada, CA 94018

– beds
– baths
– sqft
6,250 sqft lot
1965 build
– on site

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!

Listed By CRMLS_CA / David Worden / Windward Commercial Real Estate Services

Last checked: Checking… • Last updated Mar 15, 2025 •

MLS# ML81975713 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1965
Year Built Source:

Assessor
Building Area Total:

3746.00
# of Buildings:

1
Roof:

Composition
Foundation:

Slab
Stories Total:

2
Accessibility Features:

Parking

Interior

Flooring:

Carpet

Location

Directions:

From Hwy 1 turn east on Capistrano Rd, then immediately left onto Avenue Alhambra, then immediately right onto Madrid Ave. Second property on the right. Cross Street: Avenue Alhambra
Latitude:

37.50642765
Longitude:

-122.48170880

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

R30000
Lot Features:

Level
Lot Size Area:

6250.0000
Lot Size Acres:

0.1435
Lot Size SqFt:

6250.00
Lot Size Source:

Assessor
Security Features:

Security Lights

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

4468.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

047045020

Heating & Cooling

Heating:

1
Cooling:

Yes
Cooling:

None

Utilities

Utilities:

Natural Gas Available
Sewer:

Public Sewer

Appliances

Appliances:

Vented Exhaust Fan, Disposal, Range Hood
Included:

Yes

The Community

Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Off Street
Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/15/25 Mar 15, 2025	Price Changed	CRMLS_CA	$1,800,000	-5.3%
12/30/24 Dec 30, 2024	Price Changed	CRMLS_CA	$1,900,000	-9.5%
10/16/24 Oct 16, 2024	Price Changed	CRMLS_CA	$2,100,000	-8.7%

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This multifamily located in Granada Highlands, El Granada, CA 94018 is currently for sale for $1,800,000. 122 Madrid Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 241 days. 122 Madrid Avenue is in the Granada Highlands neighborhood of El Granada and has a WalkScore® of 63, making it somewhat walkable. This multifamily is in the attendance area of El Granada Elementary School, Half Moon Bay High School, and Cunha Intermediate School.

Listing Courtesy of: CRMLS_CA and Windward Commercial Real Estate Services. Based on information from California Regional Multiple Listing Service, Inc. as of 00:08 on Apr 04.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.