$3,650,000
$3,700,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
280 Waverley ST Menlo Park, CA 94025
6,935 SqFt
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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Bought with John Adams • Presidential Real Estate