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$1,430,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Car Garage
See This Home
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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!

Full Property Details for 122 Madrid Ave

General

  • Sold For: $1,430,000
  • Status: Closed
  • Type: Multi-Family
  • Source: RE_Infolink
  • MLS ID: ML81975713
  • Added to Site: 566 day(s) ago

Interior

  • Interior Features: None
  • Flooring: Carpet, Vinyl / Linoleum

Rooms

Other Rooms

  • Kitchen: Ceramic Countertop, Exhaust Fan, Garbage Disposal, Hood over Range, Electric Oven/Range

Additional Information

  • Extras: Not Applicable
  • Security/Safety: Security Lights

Parking

  • Garage Spaces: 4
  • Parking Features: Attached Garage, Off-Street Parking

Location

  • Area: Lower El Granada
  • County: San Mateo
  • Cross Streets: Avenue Alhambra

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Water on Site
  • Telecomm.: Cable TV
  • Utility Description: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Metering: Master Water, Separate Common Area, Separate Electric

Structural Information

  • Construction: Wood Frame
  • Foundation: Concrete Slab
  • Roof: Composition
  • Disability Access: Parking
  • Square Feet: 3,746
  • Year Built: 1965

Unit Information

Unit 1

  • Bedrooms: 1

Unit 2

  • Square Feet: -2
  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Square Feet: 4
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1435
  • Minimum Lot Size: 6250
  • Lot Size (Sq. Ft.): 6,250
  • Building Sites: 1
  • Grounds/Landscape: Back Yard, Fenced
  • Zoning: R30000
  • Lot Description: Level

Listed by Windward Commercial Real Estate Services, David Worden
Sold by Winwr, David Worden

Listing agent

— 122 Madrid Ave —

  • David Worden

    Windward Commercial Real Estate Services

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 122 Madrid Ave

School District:Cabrillo Unified School District
NameGradesDistance
El Granada Elementary School
400 Santiago St., Half Moon Bay, CA 94019
K-51.1 mi
Manuel F. Cunha Intermediate School
600 Church Street, Half Moon Bay, CA 94019
6-84 mi
Half Moon Bay High School
1 Lewis Foster Drive, Half Moon Bay, CA 94019
9-123.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 122 Madrid Ave

Date
Details
Price
Change
Source
5/07/2025
Sold
$1,430,000
-20.56%
MLS
3/15/2025
Price Reduced
$1,800,000
-5.26%
MLS
12/30/2024
Price Reduced
$1,900,000
-9.52%
MLS
10/16/2024
Price Reduced
$2,100,000
-8.7%
MLS
9/18/2024
Price Reduced
$2,300,000
-4.17%
MLS
8/06/2024
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Windward Commercial Real Estate Services, David Worden
Sold by Winwr, David Worden

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122 Madrid Ave, El Granada, CA 94018 (MLS# ML81975713) is a Multi-Family property that was sold at $1,430,000 on May 07, 2025. Want to learn more about 122 Madrid Ave? Do you have questions about finding other Multi-Family real estate for sale in Lower El Granada? You can browse all Lower El Granada real estate or contact a Coldwell Banker agent to request more information.