$4,300,000
$4,500,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 09/20/2024
Key Details
Sold Price $4,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81973762
Sold Date 09/20/24
HOA Y/N No
Year Built 1954
Annual Tax Amount $56,099
Lot Size 0.280 Acres
Property Description
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.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R3
Interior
Heating Floor Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Roof Type Composition,Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 071291240
Financing Cash
Special Listing Condition Standard
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