3618 Alameda De Las Pulgas, MENLO PARK, CA 94025 (MLS # ML81759802)

Price $9,300,000
Status Active
Beds 1
Baths 2 Baths
Home size 8,964 sqft
Lot Size 10,202 sqft
Absolutely incredible Menlo Park location surrounded by shops, restaurants and multi-million dollar homes. This fantastic 15 unit property features 10 spacious studios and 5 one bedroom one bath units. It also benefits from two cell phone towers, with long term leases, that generate $7500 per month. Huge upside in potential income. This property is perfect for a 1031 exchange buyer, a family looking for wealth preservation or an investor who wants to renovate to very high end finishes to draw top of the market rents. A new owner can implement a Corporate Housing Rental Strategy with furnished units and take advantage of high end tenants from Stanford, Menlo Park & Palo Alto, Start-Ups, Sand Hill Road & close proximity to Facebook & other major employers. Other owners in Menlo Park have been highly successful with this strategy and we can guide you through the best path to achieve drastically higher rents.
Property Type(s): Multi Family
Last Updated 7/10/2019 Year Built 1964
Community County / Alameda Area County San Mateo

SCHOOLS

School District Sequoia Union High

Additional Details

AIR None
AREA County / Alameda Area
BASEMENT Foundation: Concrete Perimeter
GARAGE On Street
HEAT Wall Furnace
LOT 10202 sq ft
PARKING 2
SEWER Sewer: Sewer - Public
TAXES 120855
WATER Water: Public
ZONING R-4
Listing provided by Steve Zirelli, Cornish & Carey Commercial

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings 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.

 

Based on information from MLSListings MLS as of 10/14/19 4:09 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This IDX solution is (c) Diverse Solutions 2019.

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