Active

280 Waverley ST

MENLO PARK CA, 94025

$3,700,000


$533.53 per sqft

Active

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

July 18, 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


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

931

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

7/18/2024

Price Change

$3,700,000

-6%

Listed by SiliconValley MultiFamilyGroup, Michael Shields,
Listing Contact: 4083561900 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Marc Roos & Eric Reitmeir Real Estate | CA DRE #02125453 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Marc Roos & Eric Reitmeir Real Estate | CA DRE #02125453 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 9:10 PM UTC, 7/18/2024

 

 

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