505 & 513 Pierce RD, Menlo Park, CA 94025
- $3,025,000
- 7,356
- SqFt
Listed by Matthew Thomson, 650-515-6555 from Compass
(If provided) CoList: Steve Zirelli from Cornish & Carey Commercial
Sold listing courtesy of Carlos Padilla from NTERO
- Sold Price
- $3,025,000
- List Price
- $3,200,000
- Closing Date
- May 29, 2025
- MLS#
- ML81997631
- Status
- SOLD
- Sqft. of Residence
- 7,356
- Lot Size
- 10,655
- Listing Area
- East Of U.S. 101 Menlo Park
- Year Built
- 1957
Property Description
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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Additional Information
- Acres
- 0.24
- Age
- 68
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Carport
- Heating System
- Gas
- Living Area
- 7,356
- Lot Size
- 10,655
- Neighborhood
- East Of U.S. 101 Menlo Park
- Other Utilities
- Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R40000
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