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934 Oak Lane

Menlo Park, CA 94025
  • $3,225,000
  • STATUS: Pending
  • ON SITE: 16 Days
  • MLS #: ML81941647
Pending
UPDATED: 30 min ago
$3,225,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,156
    SQFT
  • $776
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

School District:
Listing Agent(s): Matthew Thomson of Newmark Cornish & Carey ((408) 727-9600) and Bryan Danforth of ()


Description

TROPHY FOURPLEX IN DOWNTOWN MENLO PARK! 934 Oak Lane offers an investor an outstanding apartment property or an owner-occupier an ideal opportunity in the heart of downtown Menlo Park in a quiet residential neighborhood. All units are spacious Two-Bedroom / One-Bath apartments over 1,000 SF with great in-place rents. There are significant recent interior & common area capital improvements including all new kitchens & baths within the past 5 years. All units benefit from gorgeous hardwood floors. A rear patio area is accessible to all units and tenants enjoy extra storage lockers and an on-site laundry facility. A new owner can add value through the addition of an ADU and R3 Zoning with the city's commitment to more housing allows for more density in this district. 934 Oak is strategically positioned in an irreplaceable location in one of the most sought after locations in the''''''''''' country.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. 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/143334400
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934 Oak Lane Menlo Park, CA 94025

  • Price: $3,225,000
  • Status: Pending
  • On Site: 16 Days
  • Updated: 30 min ago
  • MLS #: ML81941647
0
Beds
0
Baths
0
½ Baths
0.2
Acres
4,156
SQFT
$776
$/SQFT
1948
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
School District:
Other
Property Description
TROPHY FOURPLEX IN DOWNTOWN MENLO PARK! 934 Oak Lane offers an investor an outstanding apartment property or an owner-occupier an ideal opportunity in the heart of downtown Menlo Park in a quiet residential neighborhood. All units are spacious Two-Bedroom / One-Bath apartments over 1,000 SF with great in-place rents. There are significant recent interior & common area capital improvements including all new kitchens & baths within the past 5 years. All units benefit from gorgeous hardwood floors. A rear patio area is accessible to all units and tenants enjoy extra storage lockers and an on-site laundry facility. A new owner can add value through the addition of an ADU and R3 Zoning with the city's commitment to more housing allows for more density in this district. 934 Oak is strategically positioned in an irreplaceable location in one of the most sought after locations in the''''''''''' country.
Exterior Features

Carport Spaces 4 Carport YN Yes Foundation Details Concrete Perimeter Parking Features CarportOther Parking Total 6 Roof CompositionShingle View YN No

Interior Features

Accessibility Features None Cooling None Cooling YN Yes Flooring Wood Heating Floor FurnaceWall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 3.25 Garage YN No Gross Scheduled Income 164940 Insurance Expense 2238 Listing Agreement Seller Reserved Maintenance Expense 2000 Other Expense 1000 Property Sub Type Quadruplex Security Features Security Lights Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 41720 Trash Expense 0 Water Source Public Zoning R30000



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. 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): Matthew Thomson of Newmark Cornish & Carey ((408) 727-9600) and Bryan Danforth of ()