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Key Details
Sold Price $4,300,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,072 sqft
Price per Sqft $708
MLS Listing ID ML81973762
Sold Date 09/20/24
HOA Y/N No
Year Built 1954
Lot Size 0.280 Acres
Acres 0.28
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 Listing
Zoning R3
Interior
Heating Floor Furnace
Cooling None
Fireplace No
Exterior
Handicap Access Other
Building
Water Public
New Construction No
Others
Tax ID 071291240
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with YuraWang
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122