Menlo Park, CA 94025,505 Pierce RD
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Menlo Park, CA 94025,505 Pierce RD
Menlo Park, CA 94025,505 Pierce RD
Menlo Park, CA 94025,505 Pierce RD
Menlo Park, CA 94025,505 Pierce RD
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505 Pierce RD Menlo Park, CA 94025


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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81997637

HOA Y/N No

Year Built 1957

Annual Tax Amount $25,579

Lot Size 5,327 Sqft

Property Description

505 & 513 Pierce Road are 2 identical adjacent 5-unit apartment buildings available separately or together. Each property consists of (1) 2+1 & (4) 1+1s. Each building has 5 tuck-under parking spaces plus tandem parking, onsite laundry and shared backyard. 7 out of 10 units were renovated. Great in-place rents with one of the unrenovated units vacant (505 Pierce) and ready for immediate renovations. The properties are 1.2 miles from the Meta/Facebook world headquarters. Gross annual income for 505 Pierce: $131,400. Gross annual income for 513 Pierce: $135,000. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park - 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R40000

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 5

Roof Type Composition,Shingle

Building

Water Public

Schools

School District Other

Others

Tax ID 062022120

Security Features Security Lights

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Matthew Thomson • Compass
agent

Laura A Clinton

Agent | License ID: 02135140

+1(949) 228-2554

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505 Pierce RD