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Waverly St

2 Residential Properties Offered at £4,151,490 in Menlo Park, CA

Investment Highlights

  • One-Time-Only Open House: Thurs 10/25, 10am to Noon
  • unit mix: 2 units 1-bedroom, 1-bath and 4 units 2-bedroom, 1 bath

Executive Summary

Two separate, identical triplexes on adjacent lots that can be sold separately or together (462 & 472 Waverley Street). $2.65M each.
Attractive unit mixes at each property: (2) Large Two-Bedroom / One Bath Units & (1) One-Bedroom / One-Bath Unit. Spacious layouts and NO SHARED WALLS between units creating a home-style living environment for tenants. All apartments benefit from in-unit laundry. Rear units are designed as Owner's Unit with oversized 2-bedroom layouts, dedicated dining areas, fireplaces, hardwood floors, French doors, and large private backyards. One tuck-under parking space per unit, with potential for additional tandem or off-street parking. Excellent add-value opportunity to increase rents over time with higher end interior renovations and converting tuck-under parking to ADU. Outstanding location less than a mile to downtown Menlo Park and Palo Alto with a "Biker's Paradise" score of 100! Feeds into prestigious Menlo Park School Districts.
Open house tour of all units Thurs 10/24 from 10am to noon. One-time-only

Property Facts

Price £4,151,490
Price / SF £404.51 / SF
Net Initial Yield 1.80%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 10,263 SF
Total Land Area 0.45 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
462 Waverley St, Menlo Park, CA 94025 Residential 3,421 SF 1952 £2,075,745
472 Waverley St, Menlo Park, CA 94025 Residential 6,842 SF 1952 £2,075,745
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  • Listing ID: 33795568

  • Date on Market: 07/11/2024

  • Last Updated:

  • Address: Waverly St, Menlo Park, CA

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