505-513 Pierce Rd, Menlo Park, CA 94025

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$3,200,000

bedrooms

bathrooms

square feet

7,356

Acreage

Open Houses

year built

1957

Full Baths

Half Baths

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505 & 513 Pierce Street in Menlo Park is a 10-unit property consisting or 2 identical adjacent 5-unit apartment buildings (available separately or together). (2) 2+1s & (8) 1+1s. Excellent 5.07% Day One Cap Rate. 7 of the 10 units have been renovated with premium in-place rents and 1 of the unrenovated units is vacant and being intentionally held unoccupied so a new owner can benefit immediately by upgrading the unit and adding value. Strong in-place RUBS & Laundry income. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.

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None scheduled.

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MLS number: -

Listing agent: Matt Thomson

Listing broker: Compass

Last update: Wednesday, March 12 2025 at 8:53 p.m. EDT

Compass Broker