Menlo Park, CA 94025,780800 Arbor RD
Menlo Park, CA 94025,780800 Arbor RD
Menlo Park, CA 94025,780800 Arbor RD
12
$4,300,000
$4,500,000
4.4%
Est.Price: ?

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0.28 Acres Lot

780800 Arbor RD Menlo Park, CA 94025

Est. payment /mo
SOLD DATE : 09/20/2024

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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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California Regional MLS (CRMLS)
Listed by Carlos Azucena • Marcus & Millichap
Bought with Yura Wang • Real Estate eBroker Inc

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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