Property Details
About this Property
Downtown convenience in a nice quiet residential neighborhood! Walk to downtown Menlo Park, Caltrain, Parks, etc. This is a well maintained 4-plex with all spacious 1-bed, 1-bath units. Good in-place rents and opportunities for additional value and income through ADU conversion, expansion over the carport, condo conversion, and in-unit laundry. Significant recent interior and common area capital improvements including: an extensive electrical upgrade in 2008, sewer line replacement in 2020, 2 new water heaters in 2021, water-conserving landscaping and plumbing fixtures, and carport water sealing and roof repairs. Excellent tenant profile with primarily Stanford grad students. This is the border of the higher density R3 zoning in the downtown district. Lock in a pre-inflation interest rate by assuming the seller's great loan: $1,089,078 @ 3.25% fixed for another 6.5 years! Unit #2 is currently vacant so that rent is a market estimate and we can show that unit by appointment.
MLS Listing Information
MLS #
ML81901249
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Pantry
Flooring
Carpet, Hardwood, Tile
Laundry
Coin Operated
Cooling
Other
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Garage: 0 Car(s)
Elementary District
Menlo Park City Elementary
High School District
Sequoia Union High
Sewer
Public Sewer
Water
Public
Zoning
R3
Contact Information
Listing Agent
Bryan Danforth
Newmark Cornish & Carey
License #: 01789680
Phone: (650) 274-5227
Co-Listing Agent
Judy Decker
Compass
License #: 01199563
Phone: (650) 799-4294
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | 3 | – |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 557 | 1 | 1/0 | $2,200 |
| 2 | 557 | 1 | 1/0 | $2,550 |
| 3 | 557 | 1 | 1/0 | $2,325 |
| 4 | 557 | 1 | 1/0 | $2,400 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
855 Fremont St is a Residential Income in Menlo Park, CA 94025. This 2,162 square foot property sits on a 5,600 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,725,000 and was built in 1950. This address can also be written as 855 Fremont St, Menlo Park, CA 94025.
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This listing information is up-to-date as of June 27, 2024. For the most current information, please contact Bryan Danforth, (650) 274-5227
