Sold
Closed
280 Waverley Street
Menlo Park CA, 94025
$3,650,000
$526.32 per sqft
Sold
Closed
6,935 sqft
Commercial
Built in 1957
Listed by Michael Shields with SiliconValley MultiFamilyGroup 408-356-1900
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!
ML81969215
MLSⓇ ID
June 11, 2024
Listed
October 17, 2024
Updated
Map
280 Waverley Street
Menlo Park CA, 94025
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.21 Acres
Roof
Shingle, Tar/Gravel
School Information
School District
Other
Other Property Details
Area Name
699 - Not Defined
Taxes
$42,510
Tax Frequency
Annually
Days on Market
44
Garage
No
Parking Total
0
View
No
County
San Mateo
Water Source
Public
Pool
No
Zoning
R3
Listing History
Date | Event | Price |
---|---|---|
9/23/2024 | Sold | $3,650,000 |
8/4/2024 | Pending | — |
7/26/2024 | Under contract | — |
7/18/2024 | Price change | $3,700,000 -6% |
Listing Contact: 408-356-1900
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 6:20 AM UTC