505 & 513 Pierce Street in Menlo Park is a 10-unit property consisting or 2 identical adjacent 5-unit apartment buildings (available separately or together). (2) 2+1s & (8) 1+1s. Excellent 5.07% Day One Cap Rate. 7 of the 10 units have been renovated with premium in-place rents and 1 of… Read More the unrenovated units is vacant and being intentionally held unoccupied so a new owner can benefit immediately by upgrading the unit and adding value. Strong in-place RUBS & Laundry income. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS. Read Less
Listed by: Compass, Matthew Thomson 650-515-6555
Listing Snapshot
Days Online
78
Last Updated
Property Type
Five Or More Units
Square Ft.
7,356
Lot Size
0.24 Acres
Year Built
1957
MLS Number
ML81997631
30 Days Snapshot Of 94025
$2.94M
-25%
(avg) sold price
11
-8%
homes sold
48
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 10655.00, Max Area Units: Square Feet, Lot is 0.24460514233242 acres
Accessibility Features
Parking
Unit One
Rent: $2,750, 2 bedrooms
Unit Two
Rent: $1,800, bedroom 1
Building
7,356 structure square feet, Age: 68, Built in 1957, 2 buildings, 10 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter
Garage
Carport
Water Features
Public
Heating
Gas
Tenant Pays
Utilities - Electric, Utilities - Gas, Other
Miscellaneous
Total expenses: 108243
Property
Zoning: R40000
Roof
Composition, Shingle
Security Features
Security Lights
Taxes
Annual tax amount: $51,159
Sewer
Sewer - Public
Utilities
Separate Electric, Separate Gas, Public Utilities
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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