Menlo Park, CA 94025,280 Waverley ST
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Menlo Park, CA 94025,280 Waverley ST
Menlo Park, CA 94025,280 Waverley ST
Menlo Park, CA 94025,280 Waverley ST
Menlo Park, CA 94025,280 Waverley ST

$3,650,000

Est. payment /mo

$3,700,000

1.4%
Est.Price: ?

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280 Waverley ST Menlo Park, CA 94025

6,935 SqFt

SOLD DATE : 09/20/2024

Key Details

Sold Price $3,650,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 6,935 sqft

Price per Sqft $526

MLS Listing ID ML81969215

Sold Date 09/20/24

HOA Y/N No

Year Built 1957

Annual Tax Amount $42,510

Lot Size 8,999 Sqft

Property Description

First time to market since 1957! This 6-unit apartment building has been owned by the same family since constructed in 1957. Well maintained and professionally managed. Located in the highly desirable Linfield Oaks area of Menlo Park. Just 1.2 miles from Downtown Menlo Park and just 1.4 miles from Downtown Palo Alto. Large attractive units, most with private decks or patios. The unit mix consists of one large 2 BD/2 BA unit with a large, private redwood deck; two large 2 BD/1 BA units, one with a private deck and the other with a private patio; and three large 1 BD/1 BA units, two with private patios. Average rent for the 1BD units is $2,533 and the average rent for the 2BD units is $2,998. Units 2 & 6 have been renovated. Upside potential in the other units through renovation and raising rents to market levels. All the units have forced air heating and individual hot water heaters, tuck-under parking and a storage closet. On-site laundry room which is currently offered at no-charge to tenants. The building has been well maintained and has had numerous improvements over the years. Close to DT Menlo Park and DT Palo Alto, Stanford University, Stanford Shopping Center and major high-tech employers such as Facebook, Google, Linked-In, Apple, Netflix... and countless others!

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R3

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 6

Roof Type Shingle,Tar/Gravel

Building

Water Public

Schools

School District Other

Others

Tax ID 062453050

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Shields • SiliconValley MultiFamilyGroup
Bought with John Adams • Presidential Real Estate

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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