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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 6:20 AM UTC

 

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