Mark E. Devlin
Mark Devlin
408-309-4129408-309-4129

3618 Alameda De Las Pulgas, MENLO PARK, CA 94025 (MLS # ML81759802)

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PRICE $9,300,000
SIZE 8,964 sq ft
LOT SIZE 10,201 sqft

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.

LAST UPDATED 7/19/2019 YEAR BUILT 1964
COMMUNITY County / Alameda Area COUNTY San Mateo
TOTAL PARKING 5 STATUS Active
PROPERTY TYPE(S) Commercial Multi-Residential (5+ units)


ADDITIONAL DETAILS
ADDITIONAL LISTING INFO Not Applicable
COOLING None
FOUNDATION Concrete Perimeter
GARAGE SPACES 0
GARAGEPARKINGSPACES On Street
HEATING Wall Furnace
LISTING CLASS Commercial Multi-Residential (5+ units)
METERS Master Water, Separate Electric, Separate Gas
NUMBER OF BUILDINGS 1
PARKING SPACES 2
RESTRICTIONS None
ROOF Tar and Gravel
SECURITY FEATURES None
SEWER SEPTIC Sewer - Public
SPECIAL FEATURES None
SUBCLASS Five or More Units
UTILITIES Individual Electric Meters, Individual Gas Meters, Public Utilities
WATER Public
YEAR BUILT 1964
ZONING TEXT R-4
Listing provided by Steve Zirelli, Cornish & Carey Commercial

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 8/20/19 5:15 PM PDT. 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.

Copyright 2019 MLSListings Inc. All rights reserved.


ZESTIMATE
  3618 Alameda De Las Pulgas, MENLO PARK, CA

RENT ZESTIMATE
  3618 Alameda De Las Pulgas, MENLO PARK, CA

59 Somewhat Walkable



 
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