855 Fremont ST

MENLO PARK, CA, 94025

$2,725,000

$1,260 per ft²
$2,725,000
$1,260 per ft²
Sold
Sold
carpenters-square
2,162 ft²
property_type
Multi-family
calendar
Built 1950
Downtown convenience in a nice quiet residential neighborhood! Walk to downtown Menlo Park, Caltrain, Parks, etc. This is a well maintained 4-plex with all spacious 1-bed, 1-bath units. Good in-place rents and opportunities for additional value and income through ADU conversion, expansion over the carport, condo conversion, and in-unit laundry. Significant recent interior and common area capital improvements including: an extensive electrical upgrade in 2008, sewer line replacement in 2020, 2 new water heaters in 2021, water-conserving landscaping and plumbing fixtures, and carport water sealing and roof repairs. Excellent tenant profile with primarily Stanford grad students. This is the border of the higher density R3 zoning in the downtown district. Lock in a pre-inflation interest rate by assuming the seller's great loan: $1,089,078 @ 3.25% fixed for another 6.5 years! Unit #2 is currently vacant so that rent is a market estimate and we can show that unit by appointment.
MLS® ID:
ML81901249
Updated:
12/3/22

Interior Features

Kitchen Features
Pantry
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated
Floor Description
Carpet, Hardwood, Tile
Cooling
Other
Heating
Wall Furnace

Exterior/Building Features

Lot Size
5,601 ft² lot
Roof
Composition
Sewer
Sewer - Public

Other Property Details

Area Name
303
Garage
Yes
Parking
Assigned Spaces, Carport
View
Y
County
San Mateo
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Total Stories
2
Zoning
R3

Property History

Date
Event
Price
Value
10/18/22
Sold
-
-
10/18/22
Price Change
$2,725,000
-4%
9/30/22
Pending
-
-

Courtesy of Newmark Cornish & Carey, Bryan Danforth,
Listing Contact: 650-274-5227 

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Data last updated 1:34 PM UTC, 12/3/22

 

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