$3,000,000
$3,195,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
5,045 SqFt
SOLD DATE : 01/03/2024
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,045 sqft
Price per Sqft $594
MLS Listing ID ML81916464
Sold Date 01/03/24
Style Bungalow
Bedrooms 7
Full Baths 4
Year Built 1948
Lot Size 0.423 Acres
Property Description
Located in the highly desirable Willows Neighborhood close to downtown Palo Alto, Burgess Recreation Center, Willow Oaks Park, Menalto Shops, schools, commute routes and many top Silicon Valley employers these two duplexes offer endless possibilities. Add value by improving the current units, add footage, combine with 1950 Menalto to create a six unit income producing property on over 28k sq ft lot or consider redevelopment. Financials are pro forma -- based on current market rents, not actual rents. Great unit mix, spacious rooms, separate yards, inside laundry, attached garages, extra parking and served by top rated Menlo Park schools make this a savvy investment.
Location
State CA
County San Mateo
Area Willows / O'Conner Area
Zoning R20000
Rooms
Kitchen Oven Range - Gas
Interior
Heating Gas, Wall Furnace
Cooling Ceiling Fan
Flooring Carpet, Hardwood, Tile, Vinyl / Linoleum
Laundry Washer / Dryer
Exterior
Garage Attached Garage
Garage Spaces 8.0
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Lot Description Flag Lot, Grade - Level
Story 1
Foundation Concrete Perimeter, Raised
Sewer Sewer - Public
Water Private Co-op, Well
Level or Stories 1
Others
Tax ID 063-430-110
Security Features None
Horse Property No
Special Listing Condition Not Applicable
Read Less Info
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
© 2024 MLSListings Inc. All rights reserved.
Bought with Sameer Singh • Keller Williams - Palo Alto