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624 University Drive

Menlo Park, CA 94025
  • $2,850,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: ML81940907
$2,850,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $1,056
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

School District:
Listing Agent(s): Carlos Azucena of Marcus & Millichap ((650) 391-1700)


Description

624 University Dr. is a 4-unit multifamily property located in one of the most desirable areas of Menlo Park, west of El Camino, and three blocks from Downtown Menlo Park with abundant shopping, dining, and entertainment options. Walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center. The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verify). Amenities include two on-site parking spaces per unit and direct access to Nealon Park (tennis, softball, pickle ball, dog park, etc.) through a gate at the rear of the property. Three of four units are ground level with no unit above and have private yards. Units have an abundance of natural light and some have been upgraded with new counters, tile baths and new vanities. The roof was replaced within the last 5 years. The neighboring property at 632 University Dr is also being offered for sale. The properties can be purchased together or separate.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T00:28:26.593. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143136488
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624 University Drive Menlo Park, CA 94025

  • Price: $2,850,000
  • Status: Active
  • On Site: 20 Days
  • MLS #: ML81940907
0
Beds
0
Baths
0
½ Baths
0.2
Acres
2,700
SQFT
$1,056
$/SQFT
1948
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
School District:
Other
Property Description
624 University Dr. is a 4-unit multifamily property located in one of the most desirable areas of Menlo Park, west of El Camino, and three blocks from Downtown Menlo Park with abundant shopping, dining, and entertainment options. Walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center. The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verify). Amenities include two on-site parking spaces per unit and direct access to Nealon Park (tennis, softball, pickle ball, dog park, etc.) through a gate at the rear of the property. Three of four units are ground level with no unit above and have private yards. Units have an abundance of natural light and some have been upgraded with new counters, tile baths and new vanities. The roof was replaced within the last 5 years. The neighboring property at 632 University Dr is also being offered for sale. The properties can be purchased together or separate.
Exterior Features

Carport Spaces 4 Carport YN Yes Foundation Details Slab Parking Features Carport Parking Total 4 Roof Flat View YN No

Interior Features

Accessibility Features None Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 2.61 Garage YN No Gross Scheduled Income 125400 Insurance Expense 2558 Listing Agreement Exclusive Right To Sell Maintenance Expense 2000 Other Expense 0 Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 37648 Trash Expense 1097 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T00:28:26.593. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Carlos Azucena of Marcus & Millichap ((650) 391-1700)