3618 Alameda De Las Pulgas

    Menlo Park, CA 94025
    • $9,300,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: ML81759802
    $9,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,964
      SQFT
    • $1,037
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    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.

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    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-07-21T23:48:33.283. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/96727761

    3618 Alameda De Las Pulgas Menlo Park, CA 94025

    • Price: $9,300,000
    • Status: Active
    • ID#: ML81759802
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,964
    SQFT
    $1,037
    $/SQFT
    1964
    Built
    Neighborhood:
    County / Alameda Area
    County:
    San Mateo
    Area:
    County / Alameda Area
    Property Description
    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.
    Exterior Features

    Foundation Concrete Perimeter Garage Parking On Street Number Of Buildings 1 Pool YN No Roof Tar And Gravel Units In Complex Min 12

    Interior Features

    Beds Unit1 1 Cooling None Heating Wall Furnace Structure Sq Ft 8964

    Property Features

    Accessibility Features None Additional Listing Info Not Applicable City Name Menlo Park Community Name The Alameda Apartments Hoa YN No Lot Size Area Maximum 10200.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit1 1300 Rent Unit2 2100 Restrictions None Security Features None Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas MetersPublic Utilities Water Public Zoning R-4

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Steve Zirelli of Cornish & Carey Commercial.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-07-21T23:48:33.283. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
     
    Strock Real Estate
    251-A Center Ave.
    Aptos CA, 95003