Sold
Closed
780800 Arbor Road
Menlo Park CA, 94025
$4,300,000
$708.17 per sqft
Sold
Closed
6,072 sqft
Commercial
Built in 1954
Listed by Carlos Azucena with Marcus & Millichap 408-205-2679
780-800 Arbor Road is an eight-unit multifamily property located in downtown Menlo Park. The unit mix is (8) 1 bedroom / 1 bathroom that average 759 sf each per county records (buyer to verify). The property sits on a 0.28 acre (12,327 Sqft) lot. Among the amenities are on-site laundry (owned not leased), individual carports for each unit along with ample street parking. The property has been well maintained under the current owner for over 30 years. 780-800 Arbor is being offered at the highest cap rate currently seen in Menlo Park. It presents an excellent value-add opportunity for a savvy investor to own in one of the most desirable markets in the country.
ML81973762
MLSⓇ ID
July 18, 2024
Listed
October 17, 2024
Updated
Map
780800 Arbor Road
Menlo Park CA, 94025
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
None
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.28 Acres
Roof
Composition, Shingle
School Information
School District
Other
Other Property Details
Area Name
699 - Not Defined
Taxes
$56,099
Tax Frequency
Annually
Days on Market
29
Garage
No
Parking Total
0
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
R3
Listing History
Date | Event | Price |
|---|---|---|
9/30/2024 | Sold | $4,300,000 |
8/19/2024 | Pending | — |
Listing Contact: (650) 391-1700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/17/2024 at 10:13 AM UTC