1001 El Camino Real Active Save Request In-Person Tour Request Virtual Tour
Menlo Park,CA 94025
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 4,905 sqft
Price per Sqft $781
MLS Listing ID ML81984239
Bedrooms 3
Full Baths 4
Year Built 1923
Lot Size 3,049 Sqft
Property Description
SELLER FINANCING @ 4% per annum ? Quality "mixed use" property on El Camino Real! (5 units total) Downstairs there is a Mtn. Mike's Pizza with a secure 15 year lease with (2) five year options. Upstairs there are (4) quality residential units (nicely remodeled) with long term tenants. Top location in Menlo Park with secure income stream from the (NNN) triple net lease from Mtn. Mike's Pizza and and (4) residential apartments that provide secure income along with a hedge against inflation. Currently under professional management by (IPS) Income Property Services. Call listing agent for full cash flow analysis or open the disclosures.
Location
State CA
County San Mateo
Area Allied Arts / Downtown
Zoning CL00C3
Interior
Heating Wall Furnace
Cooling Central AC
Exterior
Parking Features On Street
Utilities Available Individual Electric Meters,Individual Gas Meters
Roof Type Rolled Composition
Building
Lot Description Corners Marked
Story 2
Foundation Concrete Slab
Sewer Sewer Connected
Water Public
Others
Special Listing Condition Not Applicable