462 Waverley St - Apartments FOR SALE


Menlo Park, CA 94025
$2,650,000 USD
650-274-5227
462 Waverley St, Menlo Park, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

462 Waverley St
Menlo Park, CA 94025


HIGHLIGHTS

  • One-Time-Only Open House: Thurs 10/25, 10am to Noon

OVERVIEW

Two separate, identical triplexes on adjacent lots that can be sold separately or together (462 & 472 Waverley Street). $2.65M each. Attractive unit mixes at each property: (2) Large Two-Bedroom / One Bath Units & (1) One-Bedroom / One-Bath Unit. Spacious layouts and NO SHARED WALLS between units creating a home-style living environment for tenants. All apartments benefit from in-unit laundry. Rear units are designed as Owner's Unit with oversized 2-bedroom layouts, dedicated dining areas, fireplaces, hardwood floors, French doors, and large private backyards. One tuck-under parking space per unit, with potential for additional tandem or off-street parking. Excellent add-value opportunity to increase rents over time with higher end interior renovations and converting tuck-under parking to ADU. Outstanding location less than a mile to downtown Menlo Park and Palo Alto with a "Biker's Paradise" score of 100! Feeds into prestigious Menlo Park School Districts. Open house tour of all units Thurs 10/24 from 10am to noon. One-time-only!

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$775 USD /SF

# OF UNITS

3

PRICE/UNIT

$883,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

462 - 466 Waverley St, Menlo Park Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

062-405-090,062-405-100

ASK ABOUT THIS PROPERTY

Bryan DanforthCompass CommercialMore Info
650-274-5227

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Bryan DanforthCompass CommercialMore Info
650-274-5227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.