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855 Fremont Street

Menlo Park, CA 94025
  • $2,850,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: ML81901249
$2,850,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,162
    SQFT
  • $1,318
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): Bryan Danforth of Newmark Cornish & Carey ((408) 727-9600) and Judy Decker of ()


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T00:28:39.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131206942
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855 Fremont Street Menlo Park, CA 94025

  • Price: $2,850,000
  • Status: Active
  • On Site: 21 Days
  • ID#: ML81901249
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2,162
SQFT
$1,318
$/SQFT
1950
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
Elementary School:
Oak Knoll
Middle School:
Hillview
High School:
Menlo-Atherton
School District:
Other
Property Description
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.
Exterior Features

Carport Spaces 4 Carport YN Yes Foundation Details Concrete Perimeter Parking Features Carport Parking Total 0 Roof Composition

Interior Features

Accessibility Features None Flooring CarpetTileWood Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 2.27 Garage YN No Gross Scheduled Income 115160 Insurance Expense 2200 Listing Agreement Exclusive Right To Sell Maintenance Expense 2000 Other Expense 245 Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 37496 Trash Expense 1503 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T00:28:39.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Bryan Danforth of Newmark Cornish & Carey ((408) 727-9600) and Judy Decker of ()