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Sold for $3,650,000
  • $3,650,000

    Waverley Menlopark, Menlo Park, CA 94025

    9beds
    7baths
    6,935sqft
    Five Or More Units, Residential Income
    Built in 1957
    -- sqft lot
    $3,868,600 Zestimate®
    $526/sqft
    $3,172 Estimated rent

    Home value

    $3,868,600

    $3.21M - $4.72M

    $3,172/mo

    Zestimate® history
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    $3,172/mo

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    $23,031/mo

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    $23,031/mo

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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Shields 01327546 408-356-1900,

    SiliconValley MultiFamilyGroup 408-356-1900

    Bought with:

    John Adams, 01512831

    Presidential Real Estate

    Source: MLSListings Inc,MLS#: ML81969215MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 7
    Kitchen
    • Features: Countertop_Formica, Countertop_Granite, ExhaustFan
    Heating
    • Central Forced Air Gas
    Cooling
    • None
    Appliances
    • Included: Electric Cooktop, Dishwasher, Exhaust Fan, Disposal, Built In Oven, Oven/Range, Washer/Dryer
    Features
    • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl Linoleum
    • Doors: None
    • Windows: None
    Interior area
    • Total structure area: 6,935
    • Total interior livable area: 6,935 sqft

    Property

    Parking
    • Parking features: Assigned, Carport, Covered
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 8,973 Square Feet
    Details
    • Parcel number: 062453050
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Shingle, TarGravel
    Condition
    • Year built: 1957

    Utilities & green energy

    • Gas: IndividualGasMeters, PublicUtilities
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & HOA

    Location
    • Region: Menlo Park

    Financial & listing details

    • Price per square foot: $526/sqft
    • Date on market: 6/11/2024
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan, Exchange
    • Inclusions: OvenRangeAllUnits
    • Lease term: Month To Month

    Price history

    DateEventPrice
    9/20/2024Sold$3,650,000-1.4%$526/sqft
    Source: MLSListings Inc #ML81969215 Report a problem
    8/4/2024Pending sale$3,700,000$534/sqft
    Source: MLSListings Inc #ML81969215 Report a problem
    7/26/2024Contingent$3,700,000$534/sqft
    Source: MLSListings Inc #ML81969215 Report a problem
    7/18/2024Price change$3,700,000-5.1%$534/sqft
    Source: MLSListings Inc #ML81969215 Report a problem
    6/11/2024Listed for sale$3,900,000$562/sqft
    Source: MLSListings Inc #ML81969215 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 94025

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: MenloParkCityElementary

    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
    $3,868,600
    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
    $3,868,600