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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.
Property Type(s):
Commercial
| Last Updated | 3/12/2025 | Year Built | 1957 |
|---|---|---|---|
| Community | Not Defined | County | San Mateo |
SCHOOLS
| School District | Other |
|---|
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Not Defined |
| HOA DUES | 0 |
| LOT | 10655 sq ft |
| TAXES | 51159 |
| WATER | Public |
| ZONING | R40000 |
Location
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Listed with Compass
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