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.
Sold for $3,025,000
$3,025,000
Pierce Menlopark, Menlo Park, CA 94025
3beds
2baths
7,356sqft
Five Or More Units, Residential Income
Built in 1957
-- sqft lot
$3,150,900 Zestimate®
$411/sqft
$4,546 Estimated rent
Home value
$3,150,900
$2.84M - $3.50M
$4,546/mo
Zestimate® history
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$4,546/mo
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$4,546/mo
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$18,943/mo
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Zillow last checked:
Listing updated:
Listed by:
Matthew Thomson 01471708 650-515-6555,
Compass 415-874-5000,
Steve Zirelli 01929245 650-224-3118
Bought with:
Carlos Padilla, 01342889
Intero Real Estate Services
Hema Lakhani, 01943638
Intero Real Estate Services
Source: MLSListings Inc,MLS#: ML81997631
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Gas
Cooling
- None
Interior area
- Total structure area: 7,356
- Total interior livable area: 7,356 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Lot
- Size: 10,628 Square Feet
Details
- Parcel number: 062022110
- Zoning: R40000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1957
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Menlo Park
Financial & listing details
- Price per square foot: $411/sqft
- Date on market: 3/12/2025
- Listing agreement: ExclusiveRightToSell
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2025 | Sold | $3,025,000-5.5%$411/sqft |
Source:  MLSListings Inc #ML81997631 Report a problem | ||
| 5/29/2025 | Pending sale | $3,200,000$435/sqft |
Source: MLSListings Inc #ML81997631 Report a problem | ||
| 3/12/2025 | Listed for sale | $3,200,000$435/sqft |
Source: MLSListings Inc #ML81997631 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 94025
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Nearby schools
GreatSchools rating
- 10/10Laurel Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Hillview Middle SchoolGrades: 6-8Distance: 2 mi
- 8/10Menlo-Atherton High SchoolGrades: 9-12Distance: 0.1 mi
Schools provided by the listing agent
- District: RavenswoodCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$3,150,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,150,900
- California
- San Mateo County
- Atherton
- 94025
- Pierce Menlopark
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