$4,300,000
$4,500,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
780800 Arbor RD Menlo Park, CA 94025
6,072 SqFt
Key Details
Sold Price $4,300,000
Property Type Commercial
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
Annual Tax Amount $56,099
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 699 - Not Defined
Zoning R3
Interior
Heating Floor Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Roof Type Composition,Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 071291240
Financing Cash
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Yura Wang • Real Estate eBroker Inc