Property Details
About this Property
505 & 513 Pierce Street in Menlo Park is a 10-unit property consisting or 2 identical adjacent 5-unit apartment buildings (available separately or together). (2) 2+1s & (8) 1+1s. Excellent 5.07% Day One Cap Rate. 7 of the 10 units have been renovated with premium in-place rents and 1 of the unrenovated units is vacant and being intentionally held unoccupied so a new owner can benefit immediately by upgrading the unit and adding value. Strong in-place RUBS & Laundry income. 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.
MLS Listing Information
MLS #
ML81997631
MLS Source
MLSListings, Inc.
Days on Site
3
Interior Features
Cooling
None
Heating
Gas
Exterior Features
Roof
Composition, Shingle
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
Elementary District
Ravenswood City Elementary
High School District
Sequoia Union High
Sewer
Public Sewer
Water
Public
Zoning
R40000
Contact Information
Listing Agent
Matthew Thomson
Compass
License #: 01471708
Phone: (650) 515-6555
Co-Listing Agent
Steve Zirelli
License #: 01929245
Phone: (650) 224-3118
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 9 | 10 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $2,750 | $3,100 | 2 |
| 2 | – | 1 | 1/0 | $1,800 | $2,150 | 8 |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Belle Haven Elementary School | public | K-5 | 0.20 mi | |
| Laurel Elementary School | public | K-5 | 0.67 mi | |
| Tide Academy | public | 9-12 | 0.82 mi | |
| Ravenswood Comprehensive Middle | public | 6-8 | 0.96 mi | |
| Cesar Chavez Elementary School | public | 8 | 0.98 mi | N/A |
| Green Oaks Academy | public | K-5 | 0.99 mi | N/A |
| Menlo-Atherton High School | public | 9-12 | 1.08 mi | |
| Costano Elementary School | public | K-5 | 1.37 mi | |
| Encinal Elementary School | public | K-5 | 1.41 mi | |
| Taft Elementary School | public | K-5 | 1.80 mi | |
| Los Robles-Ronald McNair Academy | public | K-5 | 1.95 mi | |
| Ronald Mcnair Academy | public | 6-8 | 2.00 mi | N/A |
| Addison Elementary School | public | K-5 | 2.05 mi | |
| Garfield Elementary School | public | K-8 | 2.19 mi | |
| Sequoia District Adult Education | public | UG | 2.20 mi | N/A |
| Duveneck Elementary School | public | K-5 | 2.35 mi | |
| Walter Hays Elementary School | public | K-5 | 2.40 mi | |
| Palo Alto High School | public | 9-12 | 2.55 mi | |
| Palo Alto Adult Education | public | UG | 2.62 mi | N/A |
| Packard Children's Hospital/Stanford | public | K-12 | 2.69 mi | N/A |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
505 & 513 Pierce Rd is a Residential Income in Menlo Park, CA 94025. This 7,356 square foot property sits on a 10,655 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,200,000 and was built in 1957. This address can also be written as 505 & 513 Pierce Rd, Menlo Park, CA 94025.
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This listing information is up-to-date as of March 12, 2025. For the most current information, please contact Matthew Thomson, (650) 515-6555
