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280 Waverley ST Menlo Park, CA 94025
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Key Details
Sold Price $3,650,000
Property Type Commercial
Sub Type Five or More Units
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
Bedrooms 6
Full Baths 5
Year Built 1957
Lot Size 9,000 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 Middlefield To El Camino Menlo Park
Zoning R3
Rooms
Other Rooms Laundry Room
Kitchen Cooktop - Electric, Countertop - Formica, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Built-In, Oven Range, Refrigerator
Interior
Heating Central Forced Air - Gas
Cooling None
Flooring Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum
Laundry Washer / Dryer
Exterior
Exterior Feature Balcony / Patio, Deck , Porch - Enclosed
Garage Assigned Spaces, Carport , Covered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Shingle,Tar and Gravel
Building
Foundation Concrete Perimeter
Sewer Sewer Connected, Sewer in Street
Water Public
Others
Restrictions None
Tax ID 062-453-050
Security Features None
Special Listing Condition Not Applicable
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Bought with John Adams • Presidential Real Estate