505 & 513 Pierce RD, MENLO PARK CA, 94025

Active

505 & 513 Pierce RD

MENLO PARK CA, 94025

$3,200,000

$435.02 per sqft

Active

7,356 sqft

Multi-family

Built in 1957

Listed by Compass, Matthew Thomson, Steve Zirelli Listing Contact: 6505156555

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.

ML81997631

MLSⓇ ID

March 12, 2025

Listed

March 13, 2025

Updated

Interior Features

Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Natural Gas

Exterior/Building Features

Lot Size: 0.24 Acres
Roof: Composition, Shingle
Sewer: Public Sewer

School Information

School District: Ravenswood City Elementary

Other Property Details

Area Name: East of U.S. 101 Menlo Park
Garage: No
View: No
County: San Mateo
Water Source: Public
Zoning: R40000

Listed by Compass, Matthew Thomson, Steve Zirelli
Listing Contact: 6505156555

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Oldham Group Luxury shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 12:11 AM UTC, 3/13/2025