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Listed by Matthew Thomson • Compass
$1,600,000
Est. payment /mo
3,678 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,678 sqft
Price per Sqft $435
MLS Listing ID ML81997637
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1957
Lot Size 5,327 Sqft
Property Sub-Type Other
Property Description
505 & 513 Pierce Road are 2 identical adjacent 5-unit apartment buildings available separately or together. Each property consists of (1) 2+1 & (4) 1+1s. Each building has 5 tuck-under parking spaces plus tandem parking, onsite laundry and shared backyard. 7 out of 10 units were renovated. Great in-place rents with one of the unrenovated units vacant (505 Pierce) and ready for immediate renovations. The properties are 1.2 miles from the Meta/Facebook world headquarters. Gross annual income for 505 Pierce: $131,400. Gross annual income for 513 Pierce: $135,000. 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
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