505 & 513 Pierce RD

MENLO PARK, CA 94025
Square Ft.
7,356
$3,025,000
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 ofRead MoreRead 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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Carlos Padilla
REALTOR
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