Sold
280 Waverley ST
MENLO PARK CA, 94025
$3,650,000
$526.32 per sqft
Sold
6,935 sqft
Multi-family
Built in 1957
Listed by SiliconValley MultiFamilyGroup, Michael Shields, Listing Contact: 4083561900
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
November 22, 2024
Updated
Map
280 Waverley ST
MENLO PARK CA, 94025
Interior Features
Interior Features
Hardwood, Laminate, Tile
Appliances
Cooktop, Dishwasher, Refrigerator, Oven, Range, Washer, Disposal
Laundry Description
Laundry Room
Floor Description
Hardwood, Laminate, Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.21 Acres
Roof
Shingle, Tar/Gravel
School Information
School District
Menlo Park City Elementary
Other Property Details
Area Name
Middlefield to El Camino Menlo Park
Garage
No
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% |
Listed by SiliconValley MultiFamilyGroup, Michael Shields,
Listing Contact: 4083561900
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Data last updated 4:44 AM UTC, 11/22/2024