CA > Menlo Park
Menlo Park, CA 94025,505 & 513 Pierce Road
Menlo Park, CA 94025,505 & 513 Pierce Road
Menlo Park, CA 94025,505 & 513 Pierce Road
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Listed by Matthew Thomson • Compass
$3,200,000
Est. payment /mo
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7,356 SqFt
Active

505 & 513 Pierce Road Menlo Park, CA 94025

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Max Manatt

Max Manatt

+1(925) 980-3375

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,356 sqft

Price per Sqft $435

MLS Listing ID ML81997631

HOA Y/N No

Year Built 1957

Lot Size 10,655 Sqft

Property Sub-Type Other

Source Datashare MLSListings

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.

Location

State CA

County San Mateo

Interior

Heating Natural Gas

Cooling None

Fireplace No

Building

Water Public

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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