$25,400,000
$25,000,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
34,360 SqFt
SOLD DATE : 04/05/2019
Key Details
Sold Price $25,400,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 34,360 sqft
Price per Sqft $739
MLS Listing ID ML81736473
Sold Date 04/05/19
HOA Y/N No
Year Built 1963
Lot Size 1.380 Acres
Acres 1.38
Property Sub-Type Other
Property Description
Atherton Green benefits from an excellent location West of El Camino Real on the border of Atherton and Menlo Park. 50 units - (10) Studios, (28) 1+1, (8) 2+1, (3) 2+1.5 and (1) 2+2. Additional 51st non-conforming 1+1 that can be rented out. Modern exterior renovation. Renovated interiors. All units feature in unit washers & dryers, patios/balconies. Secured buildings with spacious on-site rental office. Outdoor community area with built-in BBQ. Several units have been furnished and are achieving rents of $3,400/month for studios. Strong in place rents with upside potential. Market Cap Rate of 5.31%. Attractive assumable debt available.
Location
State CA
County San Mateo
Zoning RM
Interior
Heating Electric
Cooling Ceiling Fan(s)
Fireplace No
Appliance Refrigerator
Exterior
Handicap Access Accessible Elevator Installed
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 059172100
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Bought with JustinBautista
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