Menlo Park, CA 94025,780-800 Arbor Road
$4,300,000
Est. payment /mo
$4,500,000
4.4%
Est.Price: ?

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6,072 SqFt
SOLD DATE : 09/20/2024

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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Bridge MLS
Listed by Carlos Azucena • Marcus & Millichap
Bought with YuraWang

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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