CA > Menlo Park
Menlo Park, CA 94025,505 & 513 Pierce RD
Menlo Park, CA 94025,505 & 513 Pierce RD
Menlo Park, CA 94025,505 & 513 Pierce RD
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Matthew Thomson • Compass
$3,200,000
Est. payment /mo
3 Beds
2 Baths
7,356 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,356 sqft

Price per Sqft $435

MLS Listing ID ML81997631

Bedrooms 3

Full Baths 2

Year Built 1957

Lot Size 10,655 Sqft

Property Sub-Type Five or More Units

Property Description

505 & 513 Pierce Street in Menlo Park is a 10-unit property consisting or 2 identical adjacent 5-unit apartment buildings (available separately or together). (2) 2+1s & (8) 1+1s. Excellent 5.07% Day One Cap Rate. 7 of the 10 units have been renovated with premium in-place rents and 1 of the unrenovated units is vacant and being intentionally held unoccupied so a new owner can benefit immediately by upgrading the unit and adding value. Strong in-place RUBS & Laundry income. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.

Location

State CA

County San Mateo

Area East Of U.S. 101 Menlo Park

Zoning R40000

Interior

Heating Gas

Cooling None

Exterior

Parking Features Carport

Utilities Available Public Utilities

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 062-022-110

Security Features Security Lights

Special Listing Condition Not Applicable

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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