201 El Camino Real | Menlo Park, CA 94025
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201 El Camino Real
Menlo Park, CA 94025
Mkt 3% Cap Leased Investment + Fully-Entitled · Multifamily Property For Sale · 15 Units
Investment Highlights
- One of a Kind, Irreplaceable, Mixed-Use Asset in Menlo Park-Palo Alto Border - Located Directly Across from The Stanford Middle Plaza Project
- Very Difficult, Arduous Menlo Park Entitlement & Approval Process Already Completed by Seller. Project can be Developed and Sold as Individual Parcels
- PRICE-$13,500,000 Includes: Part 1A: Commercial (15' Ceilings)-7,075 SF+PART 1B: 12 Condos (11'&9' Ceilings)-14,498 SF, PART 2: 2 Townhomes-3,564 SF
- Rarely Available 3-Parcel Assemblage West of ECR, Fully-Approved Residential Over Commercial Mixed-Use Project in Downtown Menlo Park
- Entitled Project Value: $15,185,340 - 201 ECR: $12,512,340 ($580/Entitled SF) / 612 Cambridge Ave: $2,673,000 ($750/Entitled SF)
- Unique, Charming Mediterranean-Themed Design Resembling Stanford Middle Plaza Project Per City of Menlo Park Guidance
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.59 AC |
| Property Type | Multifamily | Construction Status | Abandoned |
| Property Subtype | Apartment | Building Size | 25,679 SF |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | B | Parking Ratio | 2.29/1,000 SF |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Construction Status | Abandoned |
| Building Size | 25,679 SF |
| No. Stories | 3 |
| Parking Ratio | 2.29/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $4,070 | - |
| 2+2 | 6 | $5,098 | - |
| 4+4 | 2 | $7,128 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $20,000 | |
| Land Assessment | $11,360,000 | Total Assessment | $11,380,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,360,000
Improvements Assessment
$20,000
Total Assessment
$11,380,000
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