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Listed by Matthew Thomson • Compass, DRE#01471708
$3,850,000
Est. payment /mo
4 Beds
3 Baths
14,630 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,630 sqft
Price per Sqft $263
MLS Listing ID ML82039989
Bedrooms 4
Full Baths 3
Year Built 1990
Lot Size 0.276 Acres
Property Sub-Type Five or More Units
Property Description
211 Semicircular Road offers an incredible opportunity for an investor to acquire an apartment building with RARE 1990 CONSTRUCTION in the North Fair Oaks Neighborhood of Menlo Park. Excellent Unit Mix: (4) 2+1s and (6) 1+1s. Huge, oversized units with attractive floorplans: Two-Bedroom units are over 1,000 SF / One-Bedroom units are over 800 SF. Outstanding in-place rents: Day One 5.62% Cap Rate. Electrical system is all circuit breakers and up to current insurance requirements. The building is fully sprinklered and all copper plumbing. Dual Pane windows throughout. Sufficient garage and carport parking. The property stands out as the nicest and newest in the neighborhood and directly across the street are newer townhomes adding to the positive growth of the immediate area. The building is strategically positioned between San Francisco & San Jose, ideally located in the heart of Silicon Valley, and minutes from major employers like Meta, Stanford and top tech campuses.
Location
State CA
County San Mateo
Area County Area / Fair Oaks Ave
Zoning R30000
Interior
Heating Electric
Cooling None
Exterior
Parking Features Attached Garage, Carport
Garage Spaces 8.0
Utilities Available Individual Electric Meters, Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 060-092-210
Security Features Security Lights
Special Listing Condition Not Applicable
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