462 - 466 Waverley St, Menlo Park Triplex | 462 Waverley St
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462 - 466 Waverley St, Menlo Park Triplex 462 Waverley St
3 Unit Apartment Building $2,650,000 ($883,333/Unit) Menlo Park, CA 94025
Investment Highlights
- One-Time-Only Open House: Thurs 10/25, 10am to Noon
Executive Summary
Two separate, identical triplexes on adjacent lots that can be sold separately or together (462 & 472 Waverley Street). $2.65M each.
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.
Open house tour of all units Thurs 10/24 from 10am to noon. One-time-only!
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.
Open house tour of all units Thurs 10/24 from 10am to noon. One-time-only!
Property Facts
| Price | $2,650,000 | Building Class | C |
| Price Per Unit | $883,333 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,421 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,650,000 |
| Price Per Unit | $883,333 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,421 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.88/1,000 SF |
Unit Amenities
- Washer/Dryer
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,850 | 854 - 1,050 |
| 1+1 | 1 | $2,250 | 847 |
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Walk Score ®
Very Walkable (82)
Bike Score ®
Biker's Paradise (100)
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Bryan Danforth -
Matthew Thomson -
Compass Commercial
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462 - 466 Waverley St, Menlo Park Triplex | 462 Waverley St
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