Courtesy: Marcus & Millichap
SELLER FINANCING @ 4% per annum ? Quality "mixed use" property on El Camino Real! (5 units total) Downstairs there is a Mtn. Mike's Pizza with a secure 15 year lease with (2) five year options. Upstairs there are (4) quality residential units (nicely remodeled) with long term tenants. Top location in Menlo Park with secure income stream from the (NNN) triple net lease from Mtn. Mike's Pizza and and (4) residential apartments that provide secure income along with a hedge against inflation. Currently under professional management by (IPS) Income Property Services. Call listing agent for full cash flow analysis or open the disclosures.
Prime Menlo Park Triplex located in highly desirable Linfield Oaks Neighborhood. Two separate, identical triplexes on adjacent lots that can be sold separately or together as a 6-unit property. Attractive unit mixes at each property: (2) Large Two-Bedroom / One Bath Units & (1) One-Bedroom / One-Bath Unit. Spacious layouts and NO SHARED WALLS between units creating a home-style living environment for tenants. All apartments benefit from in-unit laundry. Rear units are designed as Owner's Unit with oversized 2-bedroom layouts, dedicated dining areas, fireplaces, hardwood floors, French doors, and large private backyards. One tuck-under parking space per unit, with potential for additional tandem or off-street parking. Excellent add-value opportunity to increase rents over time with higher end interior renovations and converting tuck-under parking to ADU. Outstanding location less than a mile to downtown Menlo Park and Palo Alto with a "Biker's Paradise" score of 100! Feeds into prestigious Menlo Park School Districts.
Courtesy: Compass
Courtesy: Coldwell Banker Realty
Menlo Park is located in California. Menlo Park, California has a population of 33,677. Menlo Park is more family-centric than the surrounding county with 43.21% of the households containing married families with children. The county average for households married with children is 35.93%.
The median household income in Menlo Park, California is $179,913. The median household income for the surrounding county is $136,837 compared to the national median of $69,021. The median age of people living in Menlo Park is 38.4 years.
The average high temperature in July is 79.6 degrees, with an average low temperature in January of 40.5 degrees. The average rainfall is approximately 17.1 inches per year, with 0 inches of snow per year.
