10
See all 10 photos
$1,600,000
Est. payment /mo
New
505 Pierce RD Menlo Park, CA 94025
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,678 sqft
Price per Sqft $435
MLS Listing ID ML81997637
Bedrooms 3
Full Baths 2
Year Built 1957
Lot Size 5,327 Sqft
Property Sub-Type Five or More Units
Property Description
505 & 513 Pierce Road are 2 identical adjacent 5-unit apartment buildings available separately or together. Each property consists of (1) 2+1 & (4) 1+1s. Each building has 5 tuck-under parking spaces plus tandem parking, onsite laundry and shared backyard. 7 out of 10 units were renovated. Great in-place rents with one of the unrenovated units vacant (505 Pierce) and ready for immediate renovations. The properties are 1.2 miles from the Meta/Facebook world headquarters. Gross annual income for 505 Pierce: $131,400. Gross annual income for 513 Pierce: $135,000. 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.
Location
State CA
County San Mateo
Area East Of U.S. 101 Menlo Park
Zoning R40000
Interior
Heating Gas
Cooling None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 062-022-120
Security Features Security Lights
Special Listing Condition Not Applicable
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Listed by Matthew Thomson • Compass